1. You want to make a one-time deposit today that will increase in value to $100 at the end of this year. Which rate of interest will allow you to deposit the least amount today to reach this goal? A. 3.8% B. 2.6% C. 2.9% D. 3.6% E. 3.4%
2. What is the total assets turnover ratio from the following information? Buildings- $230,000 Bank- $10,000 Accounts payables - 60,000 Opening inventory- $50,000 Accounts receivables- $64,000 Cash sales - $180,000 Credit sales- $212,000 Cash purchases- $118,000 Motor vehicles- $45,000 Fixtures and fittings -15,000 Credit purchases- $136,000 Closing inventory- $190,000