20X9
ASSETS
CURRENT
Cash	564,911
Trade and other receivables	8,158,139
Unbilled revenue	2,679,949
	11,402,998
EQUIPMENT (Note 3)	541,404
	$ 11,944,402
LIABILITIES
CURRENT
Bank indebtedness	-
Trade and other payables	4,048,068
Government remittances	270,883
	4,318,952
PROMISSORY NOTE	3,500,000
	3,500,000
SHAREHOLDERS EQUITY
Share capital (Note 4)	200
Retained earnings	4,125,250
	4,125,450
	$ 11,944,402

Credit Facilities	Details
New debt:	1,000,000.00
Amortization (months):	72
Number of periods (years):
Rate:	5.1%
Annual Payment
Credit Line:	3,000,000.00
Spread:
Prime:	3.0%
All-in:
Projected utilization:

What is Richardson Repair Services' 20X9 Debt Service Ratio, tested under the following assumptions: 1. The $1MM loan is equal amortizing 2. The operating line is being tested at 75% average utilization

What is Richardson Repair Services' 20X9 Current Ratio, tested under the following assumptions:

1. The $1MM loan is equal amortizing

2. The operating line is being tested at 50% average utilization"

Assuming the $1MM loan advances, and testing the operating line of credit at 50% average utilization, what is Richardson Repair Services' 20X9 Debt Service Coverage ratio?

What factors might be causing Richardson Repair Services' Gross Margin to be lower than the average of their peer group? (select ALL that may apply)

What is Richardson Repair Services' 20X9 Debt Service Coverage ratio, tested under the following assumptions:

1. The $1MM loan advances on a 6-year amortization

2. The operating line is being tested at 75% average utilization, and

3. DSC must be tested NET of dividends to shareholders"

What is Richardson Repair Services' 20X9 Total Liabilities to Equity ratio, tested under the following assumptions:

1. The $1MM loan is drawn

2. The operating line is being tested at 75% average utilization, and

3. The promissory note to Ahmed is postponed (or subordinated), and therefore is to be treated as equity