1. Parker's Meats has total assets of $411,900, a price-earnings ratio of 8.4, a debt-equity ratio of .65, and earnings per share of $1.22. What is the market to book ratio if there are 45,000 shares of stock outstanding?
A. 1.85 times B. .79 times C. 2.24 times D. 5.46 times E. 2.80 times
2. What is the present value of $1,400 per year, at a discount rate of 11 percent, if the first payment is received 5 years from now and the last payment is received 26 years from now?
$7,389.06
$7,447.02
$7,539.86
$11,546.03
$2,322.17