11. Five Years Future Value What is the future value of $1,100 deposited for five years earning 5% interest rate annually? A. $1,100 B. $304 C. $1,404 D. $2,504

12. You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $200,000, accounts receivable = $1,100,000, inventory = $2,000,000, accrued wages and taxes = $500,000, accounts payable = $600,000, and notes payable = $100,000. Calculate Goodman's Bees' net working capital. A. $1,400,000 B. $1,900,000 C. $2,000,000 D. $2,100,000

13. Discounting Two Years What is the present value of a $610 payment in two years when the discount rate is 6 percent? A. $573.40 B. $610.00 C. $646.60 D. $542.90

14. This is cash flow available for payments to stockholders and debt holders of a firm after the firm has made investments in assets necessary to sustain the ongoing operations of the firm. A. Free cash flow B. Net cash flow C. Net income available to common stockholders D. Cash flow from operations

15. Which of the following is an example of a capital structure? A. 15 percent current assets and 85 percent fixed assets B. 10 percent current liabilities and 90 percent long-term debt C. 20 percent debt and 80 percent equity D. None of the above

16. Debt Management Ratios Trina's Trikes, Inc. reported a debt-to-equity ratio of 1.91 times at the end of 2008. If the firm's total debt at year-end was $10.90 million, how much equity does Trina's Trikes have? A. $10.90 million B. $5.71 million C. $1.91 million D. $20.82 million 17. Market Value Ratios Val's Volleyball Supply's market-to-book ratio is currently 3.20 times and PE ratio is 5.40 times. If Val's Volleyball Supply's common stock is currently selling at $9.25 per share, what is the book value per share and earnings per share? (Round your answer to 2 decimal places.) A. $29.60, $49.95, respectively B. $1.71, $2.89, respectively C. $49.95, $29.60, respectively D. $2.89, $1.71, respectively

18. Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $707,500, Interest expense = $49,000, and Taxes = $224,500. Bullseye's has no preferred stock outstanding and 230,000 shares of common stock outstanding. What are the 2008 earnings per share? A. $2.86 B. $3.08 C. $1.89 D. $2.10

19. Effective Annual Rate A loan is offered with monthly payments and a 9.5 percent APR. What's the loan's effective annual rate (EAR)? A. 9.92% B. 15.86% C. 8.92% D. 10.51%

20. Statement of Retained Earnings Z, Corp. began the year 2008 with $1.5 million in retained earnings. The firm earned net income of $5.2 million in 2008 and paid $2.95 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Z? A. $0.75 million B. $6.7 million C. $3.75 million D. $9.65 million