• *From the e-Activity, compare ADP’s global payroll services with those of at least one (1) other company that offers the same or similar services. Select the company that you believe offers the better global payroll service. Provide a rationale for your selection.
• Determine two (2) possible legal implications for a company in regard to employee benefits overall. Suggest two (2) actions that a company should take in order to address these legal implications. Justify your response.

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The Morris Corporation has $600,000 of debt outstanding, and it pays an interest rate of 9% annually. Morris’s annual sales are $3 million, its average tax rate is 40%, and its net profit margin on sales is 6%. If the company does not maintain a TIE ratio of at least 6 to 1, its bank will refuse to renew the loan and bankruptcy will result. What is Morris’s TIE ratio? Round intermediate calculations to two decimal places. Round your answer to two decimal places.

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