The morris corporation has $350,000 of debt outstanding, and it pays an interest rate of 12% annually. morris's annual sales are $1.75 million, its average tax rate is 40%, and its net profit margin on sales is 3%. if the company does not maintain a tie ratio of at least 3 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. what is morris's tie ratio? do not round intermediate calculations. round your answer to two decimal places.

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?

Which of the following traits indicate that stephanie is good at time management in her new management role? during the work day, stephanie does not know what to do next. stephanie's work space is crowded and cluttered. stephanie uses breaks during work to see what friends are up to on social media. stephanie keeps a schedule for events, meetings, and deadlines.