A firm with a total asset turnover that is lower than industry standard but with a current ratio that meets industry standard must have excessive ________.
A) fixed assets
B) inventory
C) accounts receivable
D) debt
Question 2
Tangshan Mining is considering issuing long-term debt. The debt would have a 30 year maturity and a 12 percent coupon rate and make semiannual coupon payments.
In order to sell the issue, the bonds must be underpriced at a discount of 2.5 percent of face value. In addition, the firm would have to pay flotation costs of 2.5 percent of face value. The firm's tax rate is 33 percent. Given this information, the after-tax cost of debt for Tangshan Mining would be ________.
A) 6.38
B) 12.76
C) 4.98
D) 8.48
Punnett square illustrating the genotypes underlying a 9 : 3 : 3 : 1 ratio
Heliospheric-current-sheet
Urinalysis. During a simple urinalysis, a stick with colored blocks is dipped into a urine specimen.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Bones of the upper and lower extremities.
Current intensity and the frequency of action potentials