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3. Perform analytical calculations in Excel to examine the company's financial performance as well as management's projections through 2029 for the following debt covenant values
3. Perform analytical calculations in Excel to examine the company's financial performance as well as management's projections through 2029 for the following debt covenant values attached to the debt contract: debt to equity ratio, interest coverage ratio, current ratio, tangible net worth, and debt-service-coverage ratio. a. First prepare the calculations assuming current GAAP. b. Repeat the calculations beginning with 2016, reflecting the impact of the new standard
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