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Author Question: Acme Incorporated has a debt ratio of .42, noncurrent liabilities of 20,000 and total assets of ... (Read 73 times)

gonzo233

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  • Posts: 557
on: Jul 11, 2018
Acme Incorporated has a debt ratio of .42, noncurrent liabilities of 20,000 and total assets of
  70,000. What is Acme's level of current liabilities?
 
  A) 9,400 B) 12,348 C) 10,600 D) 8,400

Question 2

You are ready to retire. A glance at your 401(k) statement indicates that you have 750,000. If the
  funds remain in an account earning 9.0, how much could you withdraw at the beginning of each
  year for the next 25 years?
 
  A) 55,620 B) 35,830 C) 2,500 D) 70,050
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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coyin

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Reply #1 on: Jul 11, 2018
Answer to Question 1

A

Answer to Question 2

D


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