Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. corporation has applied for a loan to expand the b

Corporation has applied for a loan to expand the business structure. Based on the debt...

70.2K

Verified Solution

Question

Finance

Corporation has applied for a loan to expand the business structure. Based on the debt ratios and as an officer of the loan bank, would you provide the funding? Why or why not?

Ratio

Mikes the Man

Industry

Debt to assets

.73

.51

Times Interest Earned

3.00

7.30

Fixed Payment Coverage

1.37

1.85

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Find the general solution of the given system using the characteristic equation dxdt=6x-y dydt=5x+2y Find the general solution of...

Accounting
1.2K views

Fast forward a few months...Your friend asks you how your business is doing and you are...

Biology
1.2K views

An Infectious mutated protein particle became the source of intensive study in the 1980 s...

Basic Math
1.2K views

Q R 20 P S 0 T N Consider the graph given above Give an...

Calculus
1.2K views

Evaluate the indefinite integral 15 5 dr C

Calculus
1.2K views

Show that the equation x3 14x c 0 has at most one solution in the...

Algebra
1.2K views

Use the properties of operations to multiply the expressions 1 w 2 3w 4 81...

Algebra
1.2K views

Find the measure of the line segment indicated 5 Find FH 6 Find BK N...

Accounting
1.2K views

Operating results for D]vision A of Alpha Company during 2019 are as follows: ...

Accounting
1.2K views

critically analyze the whole article in one page. discuss the purpose of the study, Research...

Accounting
1.2K views

Explain the accounts payable account type. Be very clear and use simple terms to explain

Accounting
1.2K views

an organisation overview of chain reaction with references