An organization's internal information system that does not provide elasticity is still considered a cloud

Product Line Inc. has the following data:

2X13 2X12 2X11 Sales (all credit sales) $800 $740 $675 Less: Cost of Goods Sold 525 490 450 Gross Profit $275 $250 $225 Less: Operating Expenses 150 140 125 Operating Income $125 $110 $100 Less: Other Expense: Interest 10 8 5 Income before Tax $115 $102 $ 95 Less: Income Tax Expense 51 46 43 Net Income $ 64 $ 56 $ 52 What is the interest coverage for Product Line Inc. in 2X13? Has the interest coverage improved or not improved since 2X12? A) 12.5, not improved B) 6.4, not improved C) 11.5, improved D) 12.5, improved E) 6.4, improved

The Toy Corporation issued 200 shares of stock with no par value. The articles of incorporation provided that the board of directors had the right to fix the value of the stock. Through subscription agreements between the directors and two subscribers,

101 shares were issued to Maria Perez for $5,000, and 99 shares were issued to Ken Pilar for $15,000. Toy is now insolvent and is unable to pay the $6,000 it owes to Pine, its major supplier. Pine has brought suit against Perez, claiming that the subscription agreement was invalid. How will the case be decided?