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

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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
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