1. If a company has current assets of $600, inventory of $100, long term assets of $1850, current liabilities of $500, long term liabilities of $1000, and shareholder's equity of $950. The current ratio is?
2. A couple has just purchased a home for $348,400.00. They will pay 20% down in cash, and finance the remaining balance. The mortgage broker has gotten them a mortgage rate of 5.04% APR with monthly compounding. The mortgage has a term of 30 years. What is the monthly payment on the loan?