Finance 20 Problems Quiz Set

1. Debbie wants to have $47,551 in her bank account 4 years from now. The account will pay 0.4% interest per month. How much money does she need to put in her bank account at the end of each month to achieve this goal?Enter your answer rounded off to two decimal points. Do not enter % or $ in the answer box.2. What is the effective rate of 26.89% compounded quarterly?3. ABC Company had beginning retained earnings of $1,577. During the year, the company reported sales of $20,823, costs of $5,781, depreciation of $1,616, dividends of $1,007, and interest paid of $2,884. The tax rate is 19 percent. What is the retained earnings balance at the end of the year?Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.4. Suppose an investment offers to double your money in 18 years. What annual rate of return are you being offered if interest is compounded semi-annually?5. Suppose you take a mortgage for $131,480 for 19 years with annual payments. If the annual interest rate is 4.1%, calculate the total interest amount paid over the life of the loan. That is, calculate the total interest paid in 19 years.Hint: Use the amortization table.6. ABC Company has a debt ratio of 0.73. What is the debt-equity (D/E) ratio?7. ABC, Inc. has total assets of $112,612, current assets of $37,412, current ratio of 3.3, and equity multiplier of 6.6. Compute long term debt.8. Suppose you invest $27,438. If the interest rate is 12% compounded quarterly for the first 10 years and 11% compounded monthly for the next 5 years, what is the future value after 15 years?9. ABC Company has net working capital of $1,769, current assets of $9,220, long-term debt of $1,995, and equity of $3,178. What is the amount of net fixed assets?10. ABC Company offers a perpetuity which pays annual payments of $17,560. This contract sells for $304,166 today. What is the interest rate11. What is the future value of $9,498 invested for 9 years at 7% compounded semi-annually?12. ABC Company lists total assets of $3,300, current liabilities of $258 , long-term debt of $837 , and 362 shares of common stock. If the market price per share is $77, what is the market-to-book ratio?13. ABC is reviewing a project that will cost $2,231.The project will produce cash flows $689 at the end of each year for the first two years and $762 at the end of each year for the next three years. What is the profitability index? Assume interest rate is 13%.14.What is the net present value of the following cash flows? Assume an interest rate of 18%Year CF0 -$14,6021 $6,5412 $5,8563 $8,213Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answers box.15. ABC Company has $605,080 of operating income after all costs but before $43,954 of interest income, $53,204 of dividend income, and taxes. What is the tax expense?16. If you receive $543 at the end of each year for the first two years and $633 at the end of each year for the next two years. ?Assume interest rate is 7%. What is the value at the end of the 4th year? That is. solve for FV at the end of the 4th year.17. Which one of the following capital budgeting technique ignores time value of money?PaybackModified Internal Rate of Return (MIRR)Profitability IndexInternal Rate of Return (IRR)Net Present Value (NPV)18. Consider a taxable bond with a yield of 9% and a tax-exempt municipal bond with a yield of 5.1%. At what tax rate would you be indifferent between the two bonds?Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.19. ABC, Inc. has a total asset turnover of 1 and a net profit margin of 5.1%. The firm has a return on equity of 21%. Calculate Marshall’s debt ratio.20. If you receive $2,747 at the end of each year for the first three years and $4,090 at the end of each year for the next two years. What is the future value of this cash flow stream? Assume interest rate is 4%.

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