Your friend Evander Jones lends you $7,450. You agree to pay him back $11,426 which...
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Your friend Evander Jones lends you $7,450. You agree to pay him back $11,426 which includes both the principle plus all the interest four years from today. What interest rate did you borrow at? 3. Given the following, what is the return on equity: Cash= $1,000, common shares outstanding = 300,000; earning per share = $3.00; total assets = $5,000,000; total equity = $3,000,000, Accounts Payable =$1,000 4. Do We Inc. has sales of $46,230, costs of goods sold of $27,742.50, inventory of $675, and accounts receivable of $3,200. How many days, on average, does it take Do We Inc. to sell the inventory and collect the payment on the sale?
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