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Problem 13-11A Common-Size Statements and Financial Ratios for Creditors [LO1, LO3, LO4]
Modern Building Supply sells various building materials to retail outlets. The company has just approached Linden State Bank requesting a $300,000 loan to strengthen the Cash account and to pay certain pressing short-term obligations. The company's financial statements for the most recent two years follow:
During the past year, the company has expanded the number of lines that it carries in order to stimulate sales and increase profits. It has also moved aggressively to acquire new customers. Sales terms are 2/10, n/30. All sales are on account.
Linden State Bank is uncertain whether the loan should be made. To assist it in making a decision, you have been asked to compute the following amounts and ratios for both this year and last year:
Average collection period. (The accounts receivable at the beginning of last year totaled $241,000.)(Do not round intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year.)
Present the balance sheet in common-size form. (Round your answers to 1 decimal place. Leave no cells blank - be certain to enter "0" wherever required. Due to rounding, figures may not fully reconcile down a column.)
Present the income statement in common-size form down through net income.(Input all amounts as positive values. Round your answers to 1 decimal place. Due to rounding, figures may not fully reconcile down a column.)
If your new strip mall will have 15,000 square feetof retail space available to be leased, to which businesses should you lease and why?
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on january 1 year 1 brandon and alisa roy purchased a home for 1.5 million by paying 500000 down and borrowing the
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If the machine has no salvage value at the end of seven years, and assuming the company's discount rate is 10%, what is the purchase price of the machine if the net present value of the investment is $170,000?
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