Chat with AI
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 45
There is an old business saying that "You shouldn't he in business if your company doesn't earn higher than bank rates." This means that if a company is to succeed, its return on assets should be significantly higher than its cost of borrowing. Why is this so important?
Explanation
Verified
Verified
If borrowed money can be inves...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
