*** Just the correct option is fine ***

1) What is the present value of $12,850 to be received 4 years from today if the discount rate is 4.50 percent?

1. $11,422.22 2. $10,667.76 3. $10,775.5 4. $10,688.50 5. $11,260.41

2) Crandall Oil has total sales of $1,250 and costs of $715. Depreciation is $150 and the tax rate is 35 percent. The firm does not have any interest expense. What is the operating cash flow?

a. 405 b. 197 c. 400 d. 207 e. 535

3) At the beginning of the year, a firm has current assets of 368 and current liabilities of 265. At the end of the year, the current assets were 414 and the current liabilities were 305. What is the change in net working capital?

a. 46 b. 76 c. 6 d. 6. e. 86 f. -46

4)

Sankey, Inc., has current assets of $5,125, net fixed assets of $25,600, current liabilities of $4,500, and long-term debt of $9,900. (Do not round intermediate calculations.)

What is the value of the shareholders' equity account for this firm?

Shareholders' equity

$

How much is net working capital?

Net working capital $_____