Question
Consider a firm with EBIT of $3M and $10M of debt. Given the following data for rated firms in the same industry, what should be
"Consider a firm with EBIT of $3M and $10M of debt. Given the following data for rated firms in the same industry, what should be the rating of this firm? " Rating AAA AA A BBB Interest rate 4% 5% 6% 7% EBIT coverage 8 6 4 3 A. AA B. BBB C. AAA D. less than BBB E. A
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
