Multiple Choice
Chopin Ltd has a debt contract and is close to violating the return on equity ratio as stipulated in the debt agreement.What is the most appropriate action to take?
A) Negotiate a loan to increase cash balance.
B) Accelerate collection of receivables.
C) Negotiate to prepay long-term debt.
D) Revalue a class of asset.
E) None of the given answers.
Correct Answer:
Verified
Correct Answer:
Verified
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