It is January 1st and the Bluefin Corporation wants to renew its $12,000,000 short-term bank loan with the Texas Commerce Bank (TCB) for this coming year. Last year, Bluefin reported sales of $50,000,000. Its total assets equaled $40,000,000 on average during the year. Its short-term liabilities consisted of an average of $10,000,000 in Account Payable, in addition to the $12,000,000 in short-term bank debt, for which it pays an interest rate of 6.5% per year to TCB. It has no other liabilities. Its net profit margin was 3% and its tax rate is 40%. The bank covenant negotiated with TCB stipulates that the loan will not be renewed unless the company maintains a Times -Interest-Earned (TIE) ratio of at least 5.0. Will the bank renew its $12,000,000 short-term loan this coming year? Explain your answer and show all calculations clearly.

dual credit courses allow you to take a test at the end of the course that, if you pass it with a high enough score, will give you college credit.

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

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