Why is information relating to a company's scheduled maturities of debt useful in an analysis of its financial condition? we prefer to see liabilities coming due in the near future if interest rates are expected to decline; but deferred if interest rates are expected to increase. we are looking to see if all payments are approximately equal. if so, the expected drain on cash flow will be constant. excessive payments in any one year can create a cash flow problem, especially if the debt cannot be refinanced. the information relating to a company's scheduled maturities is not important.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)