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Chopin Ltd has a debt contract and is close to violating the return on equity ratio as stipulated in the debt agreement. What is the
Chopin Ltd has a debt contract and is close to violating the return on equity ratio as stipulated in the debt agreement. What is the most appropriate action to take?
Negotiate a loan to increase cash balance. | ||
Accelerate collection of receivables. | ||
Negotiate to prepay long-term debt. | ||
Revalue a class of asset. |
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