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Suppose that at year-end 1999 Executive Paper had unused lines of credit which would have allowed it to borrow a further Php300 million. Suppose also
Suppose that at year-end 1999 Executive Paper had unused lines of credit which would have allowed it to borrow a further Php300 million. Suppose also that it used this line of credit to raise short-term 4 loans of Php300 million and invested the proceeds in marketable securities. Would the company have appeared to be a. More or less liquid? (Provide at least 3 ratios) b. More or less levered? (Provide at least 3 ratios)
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