See the attachmentand analyze financial data of each of the following six sections: Accounts Receivable, Inventory, Gross Plant & Equipment, Accounts Payable & Accruals, Notes Payable and Long-Term Debt (all sections that re in red font) and present the rationale to deny a loan renewal request. Comparative Balance Sheets and a Cash Flow Statement are used in the analysis.
Scenario: The assignment requires an analysis of specific financial data of Bob Smith Inc. Bob is an existing bank customer. When the loan to Bob was originally made in 2013 the bank required Bob to increase the YE 2014 cash balance to at least $70,000. The Cash Flow Statement and Balance Sheet show an actual YE 2014 cash balance of less than $34,000. You are aware this action will create dire financial circumstances for Bob’s company. As the loan officer must pass along the news in a business letter that is most professional and written in an objective manner. Please use values in the letter whenever possible.
Need this by 1300EST TODAY 11 Oct 2015 (5 hours from now)
