Kraft enterprises owns the following assets at december 31, 2020. cash in bank—savings account 68,000 checking account balance 17,000 cash on hand 9,300 postdated checks 750 cash refund due from irs 31,400 certificates of deposit (180-day) 90,000 what amount should be reported as cash?

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%