in 2016, natural selection, a nationwide computer dating service, has $536 million of assets and...

50.1K

Verified Solution

Question

Finance

in 2016, natural selection, a nationwide computer dating service, has $536 million of assets and $218 million liabilities. Earning before interest and taxes were $138 million, interest expense was 29 million , the tax rate was 40 percent, principal repayment requirements were $25.8 million, and annual dividends were 30 cents per share on 20 million shares outstanding.

B: What percentage decline in earning before interest and taxes could Natural Selection have sustained before failing to cover:(Round your answers to 1 decimal place)

Interest payment requirement? ___%

Principal and interest requirements?___%

Principal, interest, and common dividend payments?____%

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