1. Mandy, Inc., has current liabilities of $8,700,000, current ratio of 1.9 times, inventory turnover of 11 times, average collection period of 30 days, and credit sales of $64,000,007.
Calculate the value of cash and marketable securities. (Use 365 days a year. Round your intermediate calculations and final answer to the nearest dollar amount.)
Cash and marketable securities $ _________________
2. Compute the present value of a $4,800 deposit in year 3 and another $4,300 deposit at the end of year 6 using an 9 percent interest rate. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present value $ _______________________
3. What is the value in year 3 of a $680 cash flow made in year 7 if interest rates are 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Value in year 3 $ ______________________
4. If the future value of an ordinary, 6-year annuity is $7,500 and interest rates are 7.5 percent, what is the future value of the same annuity due? (Round your answer to 2 decimal places.)
Future value$ ____________________