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Mabuhay Hotel Inc has the following ratios as of Dec 31, 2022: Total Liabilities to Equity Ratio = 4.0:1 against industry average of 3.0:1 Interest

Mabuhay Hotel Inc has the following ratios as of Dec 31, 2022:

Total Liabilities to Equity Ratio = 4.0:1 against industry average of 3.0:1

Interest Coverage Ratio = 3x against industry average of 5x

Current ratio = 2:1 against industry average of 4:1

Today is June 29, 2023, suggest an action plan on how to improve each ratio by the end of Dec 31, 2023. The objective is to improve Mabuhay's chances of getting a bank loan in early 2024

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