1. Assume the annual average return on the S&P500 is 13.7% with a standard deviation of 17.5%. A risk-free asset has an annual average return of 4.0% with a standard deviation of 0.0% and a correlation with the S&P500 index of +0.00. An investor invests 60% of his portfolio in the S&P500 and the rest in the risk-free asset. The standard deviation of the investor’s portfolio is
2. A company has $15 million in cash, $85 million in accounts receivables, and $200 million in inventory. If the current liabilities are $120 million, what is the current ratio?