1. Solving for Rates What annual rate of return is earned on a $3,800 investment when it grows to $8,100 in eighteen years?
A) 4.29%
B) 4.06%
C) 2.13%
D) 1.13%
2. Present Value of a Perpetuity What's the present value, when interest rates are 6.60 percent, of a $210 payment made every year forever?
A) $13.86
B) $3,181.82
C) $2,100.00
D) $1,386.00
3. Liquidity Ratios You have the following information on Marco's Polo Shop: total liabilities and equity = $209 million; current liabilities = $49 million, inventory = $64 million, and quick ratio = 1.6 times. Using this information, what is the balance for fixed assets on Marco Polo's balance sheet?
A) $66.6 m
B) $106.6 m
C) $96 m
D) $130.6 m