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8. (10 points) What is(are) the weakest part(s) of Cove Farms' financial condition? Why? 9. Cove Farms wants to borrow $6,000 from StanBank LLC to

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8. (10 points) What is(are) the weakest part(s) of Cove Farms' financial condition? Why? 9. Cove Farms wants to borrow $6,000 from StanBank LLC to buy new machinery, which will cost $6,000. Assume the loan is made and the machinery is purchased. (a) (5 points) What will Cove Farms' net worth/owner equity be the day the transac- tions are completed? (b) (5 points) What will Cove Farms' debt/asset ratio be after the transactions are completed? 10. (15 points) If you are the loan officer at StanBan k LLC would you lend Cove Farms the money based on the farm's balance sheet? Explain your reasons

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