Intel Associates is a consulting business that last year had a cost of

goods sold of R20 036 and its inventory turnover was 5,15. The company’s

current assets were R25 227 and its current ratio was 2,85. What is the

company’s quick ratio?

Zesty Ltd had sales of R25 000 000 in the previous year. The company reported total equity of R480 000 and total asset turnover was 8,0. The company is financed entirely with debt and equity. What is the company’s debt ratio?

Foriox Company has annual trade and other payables of R382 000. At year end, its annual purchases were R1 461 600. What was its average payment period, based on a 365-day year?

Your firm wants to save R250 000 to buy some new

equipment three years from now. The plan is to set aside an equal amount of

money on the first day of each year starting today. The firm can earn a 4,7%

rate of return. How much does the firm have to save each year to achieve its

goal?

Sherman Alexander Hemsley established a trust fund

that provides R150 000 in scholarships each year for worthy students. The trust

fund earns a 4,25% rate of return. How much money did he contribute to the fund

assuming that only the interest income is distributed?

Your uncle has R375 000 and wants to retire. He expects to live for another 25 years and to be able to earn 8% on his invested funds. How much could he withdraw at the end of each of the next 25 years and end up with zero in the account?

Kingston would like to have R250 000 in an account in order to retire in 15 years from now. How much should he deposit quarterly in an account paying 10% interest per year, compounded quarterly, to obtain this amount?

One year ago, the Fun Family Entertainment Center deposited

R3 600 in an investment account for the purpose of buying new equipment four

years from today. Today, it is adding another R5 000 to this account. It plans

on making a final deposit of R7 500 to the account next year. How much will be

available when it is ready to buy the equipment, assuming it earns a 7% rate of

return?

Hudson agreed to borrow R4 954,85 at 9% compound

interest per month when he signed the loan papers today. Each month, the loan

payment is R143,84. How many loan installments does he need to make before the

balance is settled in full?

You are scheduled to receive annual payments of R4 800 during each of the next seven years. The discount rate is 8%. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?