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olasank [31]
4 years ago
5

The Morrit Corporation has $1,080,000 of debt outstanding, and it pays an interest rate of 11% annually. Morrit's annual sales a

re $6 million, its average tax rate is 25%, and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 6 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morrit's TIE ratio?
Business
1 answer:
alukav5142 [94]4 years ago
7 0

Answer:

3.020

Explanation:

Morrit Corporation

interest amount = $1,080,000*.11 = $118,800

Net profit = 3% *$6,000,000= $180,000

Net profit + tax = profit before tax =

180000/.75 = 240000

Profit before tax + Interest = Earning before interest and tax

= $240,000+$118,800 = $358,800

TIE ratio= EBIT/Interest = $358,800/118,800

= 3.020

Therefore the TIE ratio is 3.020

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Answer:

c $4,450 U

Explanation:

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Bond J has a coupon rate of 3 percent and Bond K has a coupon rate of 9 percent. Both bonds have 13 years to maturity, make semi
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Solution :

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3 years ago
The emergence of an information-based economy are important parts of the __________ environment in which businesses operate.
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(.) Technological

<h3>What is the technological environment?</h3>

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It has an impact on a number of business factors. That might present a chance or a danger. Companies must adapt to technological variables since they are beyond their control. Companies must therefore be able to change with new technology advancements.

Early adopters of new technologies frequently increase their market share and profit margins. As a result, businesses need to monitor trends and developments. Utilizing opportunities while reducing dangers is the goal. The business can remain competitive in this way.

To know more about the technological environment visit:- brainly.com/question/1381237

#SPJ4

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Answer:

You have to show him you really want him back. If you really like him, you have to fight for him. (not literally. that'll put you in Subject: Psycho at the Insane Asylum) You have to show him you care and that whatever happened to make him want to leave you shouldn't keep you two apart. And if you do take my advice, show him that you wanted him back so bad you resorted to Brainly. And make sure to tell him to say thank you to me for giving him the love of his life back cause im sure you're a good one since you care so much! GO GET HIM, TIGER  

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