The Morrit Corporation has $960,000 of debt outstanding, and it pays an interest rate of 8% annually. Morritt's annual sales are $6 million, its average tax rate is 25%, and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 6 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morritt's TIE ratio

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada