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Times-Interest-Earned Ratio The Morris Corporation has $250,000 of debt outstanding, and it pays an interest rate of 9% annually. Morris's annual sales are $1.25 million, its average tax rate is 40%, and its net profit margin on sales is 6%. If the company does not maintain a TIE ratio of at least 3 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.
onstruct a vector of 100 increasing and regularly spaced numbers starting from .1 and ending at 20. - Compute the correlation coefficient.
Friendly’s Quick Loans, Inc., offers you $4.50 today but you must repay $6.05 when you get your paycheck in one week (or else). What is the effective annual return Friendly’s earns on this lending business? If you were brave enough to ask, what APR w..
Microhard has issued a bond with the following characteristics: Par: $1,000 Time to maturity: 21 years Coupon rate: 9 percent Semiannual payments Calculate the price of this bond if the YTM is
Pewter & Glass is an all equity firm that has 80,000 shares of stock outstanding. The company is in the process of borrowing $250,000 at 9 percent interest to repurchase 25,000 shares of the outstanding stock. What is the value of this firm if you ig..
One-year bonds yield 7%, two-year bonds yield 8%, three-year bonds and greater maturity bonds all yield 9%. You are choosing between one-, two-, and three-year maturity bonds all paying annual coupons of 8%, once a year. Which bond should you buy if ..
You own a portfolio that is 22 percent invested in Stock X, 37 percent in Stock Y, and 41 percent in Stock Z. The expected returns on these three stocks are 12 percent, 15 percent, and 17 percent, respectively. what is expected return on portfolio
How do interest rates affect economic growth? Why do interest rates affect some stock prices more than others? Which federal agency influences interest rates?
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next eight years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $12.75 per share 9 years..
Harrison Co. issued 13-year bonds one year ago at a coupon rate of 7 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.3 percent, what is the current dollar price assuming a $1,000 par value?
An effort to find alternatives to environmentally harmful energy sources, the U.S. Department of Energy established a Renewable Energy Biomass Program to encourage the development and improvement of technology for: Due to cultural beliefs about the n..
Based on the dividend growth model, the price of a stock will remain constant if the dividend is cut, provided that the: Dividends tend to fluctuate in direct relation to changes in annual earnings. Managers are less concerned with the change in the ..
Winnebagel Corp. currently sells 29,800 motor homes per year at $82,000 each and 8,800 luxury motor coaches per year at $124,000 each. The company wants to introduce a new portable camper to fill out its product line; it hopes to sell 24,800 of these..
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