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1. Winston Washersis stock price is $75 per share. Winston has $10 billion in total assets. Its balance shest shows $1 billion in current liabilities.
1. Winston Washersis stock price is $75 per share. Winston has $10 billion in total assets. Its balance shest shows $1 billion in current liabilities. $3 billion in long-term debt. It has 800 million shares of common stock outstanding. What is Winston's market book catig? (25 points) 3. The Manor Corporation has $400,000 of debt gutstanding and it pays an interest rate of 12% annually: Mangis, annual sales as $3 million, its avecage tax rate is 40%, and its net profit margin on sales is 6%. If the company does not maintain a TIE tatig of at least 7 to 1, then its bank will refuse to renew the loan and bankruptcy will result. What is Mangr's TIE ratio? (25 Points)
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