Question
Pros and cons of the two quotes in light of financial market history since the 1980s. Cite High Country Seasoning and Pacific Grove Spicy as
Pros and cons of the two quotes in light of financial market history since the 1980s. Cite High Country Seasoning and Pacific Grove Spicy as an example.
"Debt capacity (the ability to borrow) is a resource that should be maximized." This quote is from Marriott Corporation back in the 1980s.
"Debt capacity should be measured based on recession levels of EBIT." This quote paraphrases Gordon Donaldson back in the 1960s.
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Risk Management and Financial Institutions
Authors: Hull John
4th edition
1118955943, 978-1118955949
