You invested $12,400 into an account. Your balance is now $37,200. Your compound annual rate of return was 1,75%. How long ago did you open the account?
Question 15 options:
63.3 years
45.8 years
54.2 years
57.1 years
48.2 years
Last year, Industrial Industries had current assets of $1,425 and current liabilities of $1,120. This year, they have current assets of $1,575 and current liabilities of $1,190. What was the firm's investment in net working capital this year?
Question 16 options:
$40
$280
$80
$120
$160