8) Calculate the tax rate when a company has debts outstanding 9000KZT, interest rate on debts is 10%, operating profit margin 15%, net profit margin is 5% and sales 14000KZT. Calculate the TIE ratio. 9) Calculate the equity multiplier and equity ratio when debt ratio is 42%. 10) A company has an assets of 4000 and equity multiplier of 1.27. Interest rate on existing debts is 11%. Operating profit margin on sales is 18.5%. Total asset turnover is 2.43. Calculate the company's a) Net Profit Margin on Sales b) Return on Assets c) Return on Equity d) Times Interest Earned, when the corporate income tax rate is 20%. 11) Average collection period of a company is 43 days. Management accepted a new credit policy. According to the new plan average collection period will be reduced to 36 days. Last year credit sales amounted to 9000000KZT. For next year management estimates the sales to increase by 40 percent. Calculate the average receivables for both current and next years. 12) In 2016 assets of a company were 6300. Return on Assets was 12.5\% and Return on Equity was 18%. Annual sales of the company were 17600 and average collection period was 52 days. For 2017, company doesn't expect a change in credit sales. But management developed a new credit plan. According to the new plan DSO is expected to decrease to 35 days. And funds generated through the