How many years will have to wait to buy the house

Reference no: EM132788154

Problem 1: VDA Inc. has current liabilities of $325,000. Its current ratio is 1.85 and the inventory turnover is 4. What is the value of VDA's cost of goods sold if the quick ratio is 1.5?

A. $ 520,000

B. $ 731250

C. $ 487,500

D. $ 650,000

E. $ 568,750

F. $ 455,000

Problem 2: You need $15,000 to make down payment for a house, but have only $4,000, which you can invest at 12% compounded annually. How many years will you have to wait to buy the house?

A. 14.20 years

B. 9.69 years

C. 7.72 years

D. 12.23 years

E. 16.17 years

F. 11.66 years

Reference no: EM132788154

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