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The Morris corporation has $600,000 of debt outstanding and it pays an interest rate of 8% annually. Morris's annual sales are $3 million, its average tax rate is 40% and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 5 to 1, then its bank will refuse to renew the loan and bankruptcy will result. SHOW ALL WORK.
A) What is Morris's TIE ratio?
B) What is the firms operating margin?
C) Holding sales constant, at what operating margin would the bank refuse to renew the loan?
Metroplex Corporation will pay a $5.10 per share dividend next year. The company pledges to increase its dividend by 4.00 percent per year indefinitely. If you require a 9.00 percent return on your investment, how much will you pay for the company's ..
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Annuities where the payments occur at the end of each time period are called , whereas refer to annuity streams with payments occurring at the beginning of each time period.
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Last year, Joan purchased a $1,000 face value corporate bond with an 8% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.9%. If Joan sold the bond today for $1,033.23, what rate of ret..
Given this change in the DSO, by how much will Accounts Receivable change next year?
Calculate the Total deposits times capital for each year, Loans to total deposits for each year and Capital funds to total assets for each year for 2010 and 2011:
The Lighthouse Co. is in a downsizing mode. The company paid a $2.50 annual dividend last year. The company has announced plans to lower the dividend by $.50 a year. Once the dividend amount becomes zero, the company will cease all dividends permanen..
Current forecasts are for XYZ Company to pay dividends of $2, $2.13, and $2.49 over the next three years, respectively. At the end of three years you anticipate selling your stock at a market price of $42.37. What is the price of the stock given a 15..
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