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A deposit of $420 earns the following interest rates: a. 9 percent in the first year. b. 7 percent in the second year. c. 6 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.) You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $360,000; accounts receivable = $1,280,000; inventory = $2,180,000; accrued wages and taxes = $540,000; accounts payable = $840,000; and notes payable = $680,000. Calculate PattyCakes' current ratio. (Round your answer to 2 decimal places.) Current ratio times Calculate PattyCakes' quick ratio. (Round your answer to 2 decimal places.) Quick ratio times Calculate PattyCakes' cash ratio. (Round your answer to 2 decimal places.) Cash ratio times What is the future value of $925 deposited for one year earning an 8 percent interest rate annually? Future value $
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