1. Dog, Inc. has total assets of $62,800, fixed assets of $52,400, long-term debt of $36,300, and total debt of $43,900. If inventory is $3,200, what is the current ratio?
2. What is the value in year 6 of a $2,800 cash flow made in year 8 if interest rates are 8 percent?
3. Riordan Inc. has a bond outstanding that has a $1,000 par value, semiannual coupon rate of 4% and a current yield of 7.9%. What is the price of the bond?