If Ben & Holly Company holds cash balance in excess of its optimal level in a...
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If Ben & Holly Company holds cash balance in excess of its optimal level in a non-interest bearing account throughout the year, how does this situation affect the following ratios? Explain. a. Net profit margin b. Time interest earned ratio c. Current ratio d. Debt-to-equity ratio If Ben & Holly Company holds cash balance in excess of its optimal level in a non-interest bearing account throughout the year, how does this situation affect the following ratios? Explain. a. Net profit margin b. Time interest earned ratio c. Current ratio d. Debt-to-equity ratio
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a Net Profit Margin Holding excess cash in a noninterest bearing account does not directly impact th... View the full answer
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
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