In: Finance
a. What is the present value (PV) of $70,000 received six years from now, assuming the interest rate is 4% per year?
a. $47,024
b. $45,500
c. $96,814
d. $55,322
b. Convex Industries has inventories of $212 million, current assets of $1.20 billion, and current liabilities of $528 million. What is its quick ratio?
a. 1.87
b. 2.25
c.0.94
d.0.75