Answer:
The company has current ratio almost half than the industry average. This is an indication that the company has lesser current assets than industry average. The ability of the company to meet its short term obligations is not suitable as the other companies in the industry are maintaining double current ratio. The ratio should never go below 1 as if it does the company may face its operational financing and working capital management issues.
The debt to equity ratio is significantly higher than the other companies of the same industry. The industry average is 4 whereas the company has ratio 20. This is significantly higher which indicates that there is heavy burden of debt on the company. High debt/ equity ratio indicates high risks. Investors avoid investing in such companies which have high debt/ equity ratio.
Explanation:
The company can go for equity financing as it will also help reduce its debt / equity ratio. The company will become less riskier and financing will be divided in debt and equity. The debt burden on assets will be reduced. There can be reduction in certain debt covenants. The company can use equity financing to fund its operations as well as purchase of non current assets to increase production and ultimately profitability of the company could rise.
Answer:
Randall delivers the packages to people all in the area. Kim can give direction and tell him what and where to deliver things.
Expected sales in units 20,000 18,750 and Expected sales in dollars $80,000 $75,000
second quater of 2020,third quater of 2020
Sales—2019 is 16,000 15,000
Plus projected 25% increase for 2020 4,000 3,750
Estimated sales volume—2020 20,000 18,750
× Estimated unit selling price—2020 $ 4.00 $ 4.00
Estimated sales dollars—2020 $ 80,000 $ 75,000
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Flightline. The Breeders' Cup weekend was all about the 4-year-old colt. The horse won the Breeders' Cup Classic by 814 lengths after going undefeated in six career starts. Flightline was valued at $184 million after owners sold a 2.5% stake in the horse for $4.6 million.
What is Horse Race?
Horse racing, the sport of racing horses at high speeds, primarily Thoroughbreds with a rider astride or Standardbreds pulling a conveyance with a driver.
These two types of racing are known as flat racing and harness racing, respectively.
The article quarter-horse racing describes racing on the flat with horses other than Thoroughbreds.
Horse racing is one of the oldest sports, and its basic concept has changed little over the centuries. It evolved from a simple contest of speed or stamina between two horses to a spectacle involving large fields of runners, sophisticated electronic monitoring equipment, and enormous sums of money, but its fundamental feature has always remained the same: the horse that finishes first wins.
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