Author Question: Acme Incorporated has a debt ratio of .42, noncurrent liabilities of 20,000 and total assets of ... (Read 70 times)

gonzo233

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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


coyin

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Answer to Question 1

A

Answer to Question 2

D



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