Abc has 12535000 of interest-bearing debt outstanding and, Financial Management

+44 141 628 6080
[email protected]

Abc has 12535000 of interest-bearing debt outstanding and

ABC has 12,535,000 of interest-bearing debt outstanding, and it pays an interest rate of 5.6 percent annually on that debt. ABC's annual sales are 38,107,000 and its average tax rate is 40 percent. The company has a net profit margin of 8.8 percent. If the company does not maintain a TIE ratio of at least 4.00 then the bank will refuse to renew its loan and bankruptcy will result. What is ABC's TIE ratio today, given these numbers? Show your answer to two decimal places.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Financial Management: Abc has 12535000 of interest-bearing debt outstanding and

Reference No:- TGS02655015

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Financial Management

Q : A homeowners policy which provides coverage on an open

1 a homeowners policy which provides coverage on an ldquoopen perilsrdquo basis covers lossesa caused by perils

Q : What is westons cost of equity capital what is westons

weston industries has a debtndashequity ratio of 16 its wacc is 86 percent and its cost of debt is 61 percent the

Q : How much more would they have to pay over the life of the

former wells fargo ceo john stumpf testified before the senate finance committee regarding the opening of over 2

Q : After two years of payments 24 payments what is the

suppose you take out a loan for 26800 to purchase a 2017 nissan altima nissan offers 500 cash back which you use as

Q : Abc has 12535000 of interest-bearing debt outstanding and

abc has 12535000 of interest-bearing debt outstanding and it pays an interest rate of 56 percent annually on that debt

Q : How much value has mastersons management added to

over the years masterson corporations stockholders have provided 24000000 of capital when they purchased new issues of

Q : Which carry an annual interest rate of 107 percent and

fred was on the seven year plan at the university of south carolina and racked up 90000 in student loans which carry an

Q : Bill has decided to begin investing for retirement how much

bill has decided to begin investing for retirement he is going to put his tax raturn of 6978 into the account today and

Q : In addition the company had an interest expense of 74000

1 dixiersquos sales for the year were 1678000 cost of goods sold administrative and selling expenses and depreciation

1923371

Questions
Asked

3,689

Active Tutors

1435946

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

How code of suburbs differs from the code of street

Q1. Explain how the Code of the Suburbs differs from the Code of the Street? Q2. Explain your general thoughts on the book.

How are schools important in the struggle for power

Question: How are schools important in the struggle for power and status?

Compare critical feminist theory and power-control theory

Compose a paper that compares and contrasts critical feminist theory and power-control theory as forms of gendered criminology. Your paper should:

How is it rational for the owner of a factory or plantation

How is it rational for the owner of a factory or plantation to work his laborers to death or disability when they can easily be replaced cheaply?

Which of the things happened first

Which of the following things happened first? Group of answer choices Women gained the right to vote Seneca Falls Convention Margaret

Statement about political systems controlled by men

Multiple Choice Question Identify a true statement about political systems controlled by men. Multiple choice question.

Symbolic interactionism took off as a theoretical approach

Question: Symbolic interactionism took off as a theoretical approach to the study of deviance during the 1960s