Finance

You have $2000 in non-cash current assets, $1000 in cash, and $1000 in current liabilities. You also have total assets of $3000 and total liabilities of $4550. Sales is $1000, COGS is $100 and Net Income is $150.

What is the current ratio?What is return on assets?

You have $1,000 of your own money to invest. You can borrow or lend at the risk-free rate of 2%. You want to invest in a mutual fund that has an expected return of 10% and a standard deviation of 30%. Suppose you borrow $1,000 and combine that with your own money to invest $2,000 in this mutual fund.

What is the expected return and standard deviation of the portfolio that you have just created?

You have $1,000 invested in an account that pays 16% compounded annually

A commission agent can locate for you an equally safe deposit that will pay 16%, compounded quarterly, for 2 years

What is the maximum amount you should be willing to pay him now as a fee for locating the new account?

Solution:

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