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17. A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets? A. $710 B. $780 C. $990 D. $2,430 E. $2,640 18. The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 5.20 percent. What is the return on assets? A. 6.22 percent B. 6.48 percent C. 7.02 percent D. 7.78 percent E. 9.79 percent 19. Which one of the following is a source of cash? A. increase in accounts receivable B. decrease in notes payable C. decrease in common stock D. increase in accounts payable E. increase in inventory 20. Today, you earn a salary of $36,000. What will be your annual salary twelve years from now if you earn annual raises of 3.6 percent? A. $55,032.54 B. $57,414.06 C. $58,235.24 D. $59,122.08 E. $59,360.45 21. What is the present value of $150,000 to be received 8 years from today if the discount rate is 11 percent? A. $65,088.97 B. $71,147.07 C. $74,141.41 D. $79,806.18 E. $83,291.06 22. According to the Rule of 72, you can do which one of the following? A. double your money in five years at 7.2 percent interest B. double your money in 7.2 years at 8 percent interest C. double your money in 8 years at 9 percent interest D. triple your money in 7.2 years at 5 percent interest E. triple your money at 10 percent interest in 7.2 years 23. At an interest rate of 10 percent and using the Rule of 72, how long will it take to double the value of a lump sum invested today? How long will it take after that until the account grows to four times the initial investment? Given the power of compounding, shouldn't it take less time for the money to double the second time? 24. An ordinary annuity is best defined by which one of the following? A. increasing payments paid for a definitive period of time B. increasing payments paid forever C. equal payments paid at regular intervals...