STR 581 help A Guide to career/uophelp.com STR 581 help A Guide to career/uophelp.com | Page 9

C. Executives of companies that choose to go dark are required to certify
the accuracy of financial statements.
D. Companies that go dark are required to file annual reports.
19 Robert is a manager of a small-scale firm. He needs to decide
whether the firm has sufficient resources to meet its short-term
obligations. Calculate the ratio that Robert needs to calculate from the
information given below.
Cash and cash equivalents $1,057,600
Accounts receivables 1,556,500
Short-term investments 770,300
Other current assets 420,500
Accounts payable 995,700
Long-term debt 528,000
Short-term debt 176,000
Other current liabilities 2,495,700
A. Current ratio of 0.92

B. Current ratio of 1.04

C. Debt ratio of 0.91
D. Debt ratio of 1.26
20 Mark wants to withdraw $6,500 at the end of three years and $8,000
at the end of five years. He wants to do this in such a way that the
account balance drops to zero after the last withdrawal. Assuming that
the interest rate is 5%, how much money should Mark deposit today to
ensure that his needs are met?
A. $11,883.15

B. $653.26

C. 5,614.94
D. $6,268.21