Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HR Pickett Corporation tiene una deuda pendiente de $ 500 000 y paga un 10% de inters anual. Las ventas anuales son de $ 2
HR Pickett Corporation tiene una deuda pendiente de $ 500 000 y paga un 10% de inters anual. Las ventas anuales son de $ 2 millones, una tasa tributaria promedio es 30% y el margen de utilidades netas sobre ventas es 5%. Si no mantiene una razn de cobertura de inters por lo menos de 5 veces, su banco no le renovar el prstamo y la compaa quebrar. Cul es su razn de cobertura de inters?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started