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Implications for the decision to renew firm line of credit

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Question: Aspiration Corporation, seeking renewal of its $12 million credit line, reports the data in the following table (in millions of dollars) to Hot Springs National Bank's loan department. Please calculate the firm's cash flow as defined earlier in this chapter. What trends do you observe and what are their implications for the decision to renew or not renew the firm's line of credit?

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Reference no: EM131723202

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Implications for the decision to renew firm line of credit : Aspiration Corporation, seeking renewal of its $12 million credit line, reports the data in the following table (in millions of dollars) to Hot Springs.
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