Question 4: Vigo Vacations has $300 million in total assets, $6 million in notes payable, and $42 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your
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Question 4: Vigo Vacations has $300 million in total assets, $6 million in notes payable, and $42 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number.
Answer: %Question 6: ROE
Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 1.6. Its sales are $110 million and it has total assets of $40 million. What is its return on equity (ROE)? Do not round intermediate calculations. Round your answer to two decimal places.
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Order Paper NowAnswer: %Question 10: Future Value: Ordinary Annuity versus Annuity Due
What is the future value of a 9%, 5-year ordinary annuity that pays $250 each year? Do not round intermediate calculations. Round your answer to the nearest cent.
Answer $
If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest cent.
Answer $
