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The purpose of the debt covenant that requires maintaining a minimum level of net working capital is ...

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The purpose of the debt covenant that requires maintaining a minimum level of net working capital is ...

The purpose of the debt covenant that requires maintaining a minimum level of net working capital is to ________.
A) protect the lender by controlling the risk and marketability of the borrower's security investment alternatives
B) limit the amount of fixed-payment obligations
C) ensure a cash shortage does not cause an inability to meet current obligations
D) limit the annual cash dividends paid by the firm

Textbook

Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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pompa Author

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7 years ago

Thanks

terriroberts96

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Good timing, thanks!

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