3. Which one of the following actions by a financial manager creates an agency problem? 4. Which one of these is a cash outflow from a corporation? 5. For each of the following, compute the present value 6. Gerold invested $ 115 in an account that pays 5 percent simple interest. How much money will he have at the end of 5 years? 7. What is the future value of $ 920 a year for 5 years at a 6 percent interest? 8. You bought 360 shares of stock at a total cost of $ 7,754.40. You received a total of $ 403.20 in dividends and sold your shares for $ 19.98 a share. What was your total rate of return? 9. A year ago, you purchased 500 shares of New Tech stock at a price of $ 49.03 per share. The stock pays an annual dividend of $. 10 per share. Today, you sold all of your shares for $ 58.14 per share. What is your total dollar return on this investment? 10. The financial statement summarizing a firm ' s accounting performance over a period of time is the: 11. Which one of these accounts is classified as a current asset on the balance sheet? 12. Net working capital is defined as: 13. Which one of these equations is an accurate expression of the balance sheet? 14. The Purple Martin has annual sales of $ 4,900, total debt of $ 1,280, total equity of $ 2,300, and a profit margin of 5 percent. What is the return on assets? 15. A firm has a debt-equity ratio of. 35. What is the total debt ratio? 16. Galaxy United, Inc. 2009 Income Statement($ in millions) What is the quick ratio for 2009? 17. Reliable Cars has sales of $ 3,700, total assets of $ 3,050, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity? 18. A firm has total debt of $ 1,480 and a debt-equity ratio of. 29. What is the value of the total assets? 19. The sustainable growth rate: 20. If a firm bases its growth projection on the rate of sustainable growth, shows positive net income, and has a dividend payout ratio of 30 percent, then the: 21. Which account is least apt to vary directly with sales? 22. If the Hunter Corp. has an ROE of 14 and a payout ratio of 17 percent, what is its sustainable growth rate? 23. The Wintergrass Company has an ROE of 13.2 percent and a payout ratio of 30 percent.