Explain to Yolanda Tovar how important the income staremile. evaluating the loan request.

In discussing the trial balance with Yolanda Tovar, you discore that might be necessary before an accurate set of financial statements could be prepared.

Assuming that an accurate set of financial statements will be submitted by Yolanda Tovar in a few days, how do you think the assistant loan officer would evaluate accounts receivable and net income in deciding on the loan request?

You noted that Goldworks. Om's trial balance is prepared through March $31,2023.$ Why would the business close out its year on this date? What factors could influence this selection?