Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Mia Co made an operating profit of $2m last year and had an interest cover ratio of four times, It is considering a new project which will increase operating profit by 30% and will require addmunal debit finance of Stim, to be raised, on which Mia Co will be charged interest. Assuming the finance is raised and the project goes ahead, what will be the new interest cover ratio (to two decimal places)?

Sagot :

We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.