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1. The Nelson Company has $1,160,000 in current assets and $400,000 in current liabilities. Its initial inventory level is $320,000, and it will raise funds as additional notes payable and use them to increase inventory.
How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.1? Round your answer to the nearest cent. $
What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places.
2. The Morris Corporation has $550,000 of debt outstanding, and it pays an interest rate of 10% annually. Morris's annual sales are $2.75 million, its average tax rate is 30%, and its net profit margin on sales is 3%. 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? Round intermediate calculations to two decimal places. Round your answer to two decimal places.
Performance is measured by
Nano Manufacturing wants to issue 2 million new shares. It has 4 million shares outstanding, which its investment banking firm estimates $65 million. If the investment banking firm charges a 4% spread, calculate the offer price and total amount ($) t..
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A credit default swap is essentially a
Assume you deposit $25,000 in a corporate bond fund that pays 3%. What will value or how much money will you have in this mutual fund in 3 years?
An increase in future value can be caused by an increase in the
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Next February, suppose you need to pay 5,000,000 British Pounds (not Euros). Which is the correct action to take today in order to hedge against British Pounds exchange rate risk?
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A pension fund that begins with $500,000 earns 15% the first year and 10% the second year. At the beginning of the second year, the sponsor contributes another $300,000. Calculate the IRR (dollar weighted return) using a financial calculator and show..
Summarize your reasoning for either investing or not investing to meet your goals.- If you decide to invest, how much will you invest each month? What types of investments will you purchase? Why?
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