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"Scenario:
You are a loan officer for White Sands Bank of Taos. Paul Jason, president of P. Jason Corporation, has just left your office. He is interested in an 8-year loan to expand the company's operations. The borrowed funds would be used to purchase new equipment. As evidence of the company's debt-worthiness, Jason provided you with the following facts:
2017
2016
Current Ratio
3.1
2.1
Asset Turnover
2.8
2.2
Net Income
Up 32%
Down 8%
Earnings per Share
$3.30
$2.50
Jason is a very insistent (some would say pushy) man. When you told him you would need additional information before making your decision, he acted offended and said, "What more could you possibly want to know?" You responded you would, at minimum, need complete, audited financial statements".
Develop a minimum 700-word examination of the financial statements and include the following:
prepare a three-page memo at least 300 words per page to john and jane smith addressing the issues presented1. john
Using the percentage of net sales method. uncollectible accounts expense for the year is $54000, balance of allowance for uncollectible is 18000 creedit befor adjustments what is the balance after adjustments?
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Margaret Brown and Joel Lee each own 50% of Designs Inc. with no other class of stock authorized. On June 6, 2009, they formed to provide design services. Their business activity code is 541400.
Discuss the essential activities involved in the initial planning of an audit. How do these all specifically to the Smackey Dog Food client?
the text states overly sufficiently long time periods net income equals cash inflows minus cash outflows other than
In April 2006, ABC Motors had Total Sales of $100,000; Total Expenses of $60,000 and a beginning balance of Retained Earnings of $25,000. The company will pay a $10,000 dividend this month (the dividend was declared this month as well). What is th..
explain what a consolidated profit and loss statement and balance sheet is and why is necessary to create such
tony and suzie purchased land costing 470000 for a new camp in january 2014. now they need money to build the cabins
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2012, for Hauser Company, using the indirect method.
If the amount in supplies expense is the 31 July adjusting entry, and $1,320 of supplies was purchased in July, what was the balance in supplies on 1 July
Four years after issue, debentures with a face value of $1,000,000 and book value of $960,000 are tendered for conversion into 80,000 shares of common stock immediately after an interest payment date.
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