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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
You are a loan officer for Great Plains Bank of Davenport. David Miller, president of D. Miller Corporation, has just left your office. He is interested in an 8-year loan to expand the company"s operations. The borrowed funds would be used to purchase new equipment. As evidence of the company"s debt-worthiness, Miller provided you with the following facts.
Â
| Â |
2012 |
2011 |
|
Current ratio |
3.1 |
2.1 |
|
Asset turnover ratio |
2.8 |
2.2 |
|
Cash debt coverage ratio |
.1 |
.2 |
|
Net income |
Up 32% |
Down 8% |
|
Earnings per share |
$3.30 |
$2.50 |
Â
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