excerpts from hulkster company's december 31, 2021 and 2020, financial statements are presented below: 2021 2020 accounts receivable $ 60,000 $ 46,000 merchandise inventory 38,000 55,000 net sales 212,000 200,000 cost of goods sold 134,000 118,000
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Given the following information, calculate the debt coverage ratio of this commercial loan. Estimated net operating income (NOI) in the first year: $150,000, Debt service in the first year: $100,000, Loan amount: $1,000,000, Purchase price:
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