Business, 13.07.2021 19:30 bumpydumper
The Morris Corporation has $1,000,000 of debt outstanding, and it pays an interest rate of 9% annually. Morris's annual sales are $5 million, its average tax rate is 40%, and its net profit margin on sales is 8%. If the company does not maintain a TIE ratio of at least 4 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morris's TIE ratio
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The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?
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The Morris Corporation has $1,000,000 of debt outstanding, and it pays an interest rate of 9% annual...
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