An n × m matrix, when multiplied by an m × p matrix, yields an n × p matrix

You would like to borrow money three years from now to build a new building. In preparation for applying for that loan, you are in the process of developing target ratios for your firm. Which set of ratios represents the best target mix considering that you want to obtain outside financing in the relatively near future?

A. Times interest earned = 1.7; debt-equity ratio = 1.6 B. Times interest earned = 1.5; debt-equity ratio = 1.2 C. Cash coverage ratio = .8, debt-equity ratio=0.8 D. Cash coverage ratio = 2.6, debt-equity ratio = 0.3 E. Cash coverage ratio = .5, total debt ratio = 0.2

Which of the following is least likely to be considered a routine or positive message?

A) Answers to routine requests B) Denial of claims and adjustments C) Recommendations D) Routine informational messages E) Good-news announcements