French
French, 08.10.2019 04:10, rathaditi4036

Alumbat corporation has $800,000 of debt outstanding, and it pays an interest rate of 10 percent annually on its bank loan. alumbat's annual sales are $3,200,000; its average tax rate is 40 percent; and its net profit margin on sales is 6 percent. if the company does not maintain a tie ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. what is alumbat's current tie ratio? a. 2.4b. 3.4c. 3.6d. 4.0e. 5.0

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Alumbat corporation has $800,000 of debt outstanding, and it pays an interest rate of 10 percent ann...

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