Business, 06.09.2019 23:10 bbqchicken243

The morris corporation has $300,000 of debt outstanding, and it pays an interest rate of 8% annually. morris's annual sales are $1.5 million, its average tax rate is 35%, and its net profit margin on sales is 7%. 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 morris corporation has $300,000 of debt outstanding, and it pays an interest rate of 8% annually...