The Morris Corporation has $500,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are $2 million, its average tax rate is 30%, and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 5 to 1, its bank will refuse to renew the loan and bankruptcy will result. What is Morris's TIE ratio?
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- The Morrit Corporation has $1,020,000 of debt outstanding, and it pays an interest rate of 8% annually. Morrit's annual sales are $6 million, its average tax rate is 25%, and its net profit margin on sales is 5%. If the company does not maintain a TIE ratio of at least 4 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morrit's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.he Morrit Corporation has $600,000 of debt outstanding, and it pays an interest rate of 8% annually. Morrit’s annual sales are $3 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 5 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morrit’s TIE ratio?The Morrit Corporation has $600,000 of debt outstanding, and it paysan interest rate of 8% annually. Morrit’s annual sales are $3 million, itsaverage tax rate is 40%, and its net profit margin on sales is 3%. If thecompany does not maintain a TIE ratio of at least 5 to 1, then its bankwill refuse to renew the loan, and bankruptcy will result. What is Morrit’sTIE ratio?
- 9) The Morrit Corporation has $450,000 of debt outstanding, and it pays an interest rate of 9% annually. Morrit's annual sales are $3 million, its average tax rate is 25%, and its net profit margin on sales is 5%. If the company does not maintain a TIE ratio of at least 3 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morrit's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places. 10) What is the future value of a 6%, 5-year ordinary annuity that pays $350 each year? Do not round intermediate calculations. Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest cent. $The Tarpon Corp has $325,000 of debt outstanding, and it pays an interest rate of 7% annually. Its annual sales are $900,000, its average tax rate is 25%, and its net profit margin on sales is 10 %. If the company does not maintain a times interest earned (TIE) ratio of greater than 5 to 1, then its bank will refuse to renew the loan and bankruptcy will result. Holding sales constant, at what operating (EBIT) margin would the bank refuse to renew the loan? O 14.06% O 16.25% O 15.17% O 17.50%i need typing answer
- Alumbat Corporation has $800,000 of debt outstanding, and it pays an interest rate of 10 percentannually on its bank loan. Alumbat’s annual sales are $3,200,000, its average tax rate is 40 percent,and its net profit margin on sales is 6 percent. If the company does not maintain a TIE ratio of at least 4times, its bank will refuse to renew its loan, and bankruptcy will result. What is Alumbat’s current TIEratio?Alumbat Corporation has $800,000 of debt outstanding, and it pays an interest rate of 10 percent annually on its bank loan. Alumbat's annual sales are $3,200,000, its average tax rate is 40 percent, and its net profit margin on sales is 6 percent. If the company does not maintain a TIE ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. What is Alumbat's current TIE ratio? Ctrl)-National Corporation has P850,000 of debt outstanding, and it pays an interest rate of 10 percent annually on its bank loan. National’s annual sales are P3,200,000, its average tax rate is 40 percent, and its net profit margin on sales (Net income after tax) is 6 percent. If the company does not maintain a Times Interest Earned ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. What is National’s current Times Interest Earned ratio?
- Alum Co. has $800,000 of debt outstanding, and it pays an interest rate of 10% annually on its bank loan. Alum’s annual sales are $3,200,000, its average tax rate is 40%, and its net profit margin on sales is 6%. If the company does not maintain a times interest earned ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. What is Alum Co.’s current times interest earned ratio?Bird Enterprises has no debt. Its current total value is $50.8 million. Assume debt proceeds are used to repurchase equity. a. Ignoring taxes, what will the company's value be if it sells $20.3 million in debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, round your answer to the nearest whole number, e.g., 1,234,567.) b. Suppose now that the company's tax rate is 24 percent. What will its overall value be if it sells $20.3 million in debt? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) a. Value of the firm b. Value of the firmEf 45.