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How much would you have in your account

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Question: 1) The Falmouth Corporation has current assets of $200,000. If the current ratio is 2.5 and the quick ratio is 1.80, what is the value of the inventory?

2) More Profits, Inc. (MPI) earned a profit of 20% on sales of $24,000,000. Its balance sheet shows total assets of $8,000,000. What is the Total Asset Turnover ratio for MPI?

3) You invest $7,000 into a savings account that pays an annual interest rate of 12.00%. How much would you have in your account after 12 years?

Reference no: EM132757067

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