Now consider the junk bond financing alternative. a. Construct a pro forma income statements for 1993 for

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Now consider the junk bond financing alternative.

a. Construct a pro forma income statements for 1993 for the two financing alternatives.

b. What are the times-interest-earned, fixed charge coverage, and cash flow coverage ratios under each alternative?

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Financial statements

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5th Edition

Authors: Stephen Barrad

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Posted Date: May 11, 2024 09:13 AM

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Now consider the junk bond financing alternative. a. Construct a pro forma income statements for 1993 for

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Financial statements

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