Q4. Using the values below, answer the questions that follow: (1 mark) Amount of annuity: $500 Interest rate: 9% N=10 years a) Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due b) Compare your findings in parts a(l) and a(2). All else being identical, which type annuity-ordinary or annuity due-is preferable as an investment? Explain why. ed States Fo MacBook Air 80 F3 DOO 000 F4 00 F7 DIR F5 F6 FB DD F9 $ 4 E * % 5 06 1 & 7 V 8 A 9 9 R 8. Y 9. O References Mailings Review View Layout Acrobat Tell me + A A Aa A Acte AND ABCD pen Normal WA Styles Pane Q3. Calculate the following ratios from the Balance Sheet and the Income Statement given below: (1.5 Mark) a. Current Ratio b. Debt Ratio c. Fixed asset turnover d. Total asset turnover e. Operating profit margin Balance Sheet: Cash Acct Rec Inventories Current assets Net fixed assets Total assets 30,000 72,500 50,000 152,500 240,000 392,500 Accts/Pay Accrued expenses Short-term N/P Current liabilities Long-term debt Owner's equity Total liabilities and owners equity 44,500 31.000 9,500 85,000 110,000 197,500 392,500 Income Statement: Net sales COGS Gross profit Operating expenses Net operating income Interest expense United States 450,000 220,000 230,000 128,000 BT 102,000 18,500 83.500 Focus MacBook Air go F3 000 000 F4 F5 56 DIL FB DD F9 F7