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Suggest a plan for mabuhay to improve each ratio

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Reference no: EM132960700

Problem 1: The Times Interest Earned ratio for Mabuhay Perfumes Inc is 4.0X and the Current Ratio is 1.0:1. Discuss two challenges that Mabuhay might face when applying for a bank loan, given that the industry average for Times Interest Earned Ratio is 7.0X and Current Ratio is 3.0:1. (two points)

Problem 2: Suggest a plan for Mabuhay to improve each ratio.

Reference no: EM132960700

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