1. Dr. J. wants to buy a Dell computer which will cost $3,600 three years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 8% annual return. How much should he set aside? Use Appendix C. $1,084.06 $1,209.06 $1,109.06 $1,159.06
2. Given that Carlson Corp.'s current ratio is 3 to 2, what is the effect of obtaining a patent from the inventor in exchange for shares of stock in Carlson Corp.?
The current ratio would increase.
The current ratio would decrease.
The current ratio would remain the same.
Unable to determine.