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 .