Problem 1. A company's 2000 sales were $8,954,238. Sales were $5 million 10 years earlier. To the nearest percentage point, at what rate have sales been growing?
Problem 2. If a company's days sales outstanding (DSO) is 36 days, what is the accounts receivable turnover if you use a 360-day year?
Problem 3. A $100 is deposited in a savings account that pays 8% interest compounded annually. How much would there be in the account at the end of 5 years?