Analyze the financial statement information of the Fayetteville corporation and indicate whether you believe that the firms loan application should be approved. And if so why ?

ment on the financial performance of The Forman Corporation based on your ratio calculati Financial Statement Information. The Fayette Corporation has applied to the Irving Nation 1,000 loan to purchase new equipment for its manufacturing operations. As part of the loan ap inancial officer of Fayette submitted the following financial statement information: 2018 2019 Balance sheet Current assets. $ 45,000 $ 50,000 Noncurrent assets. . 152,000 175,000 Total assets. . . 197,000 225,000 Current liabilities . . 22,000 25,000 Noncurrent liabilities 75,000 91,000 Shareholders' equity 100,000 109,000 Income statement Operating revenues $120,000 $123,500 Operating expenses (101,000) (88,500) Net income . . $ 19,000 $ 35,000 Statement of cash flow Cash flow from operating activities . . $ 32,000 $ 49,500 Cash flow from investing activities (40,000) (48,000) Cash flow from financing activities .. 17,500 22,000 Change in cash. .... $ 9,500 $ 23,500 inancial statement information of The Fayette Corporation and indicate whether application should be approved. And, if so, why