Goofy's Toys Limited Goofy's Toys Limited is interested in opening a second location and are looking to obtain a loan of $250,000 to purchase a new building. They have approached your friend for the loan and they have come to you for assistance in making the decision. Wei, the manager, of Goofy's has provided you with the income statement, balance sheet & statement of cash flows for the last 2 years for the company as well as some additional information including selected i

ndustry averages for 2023. Additional information: Goofy's Toys Limited has 10,000 common shares outstanding at December 31, 2022 and December 31, 2023. The market value of the shares was $15/ share at December 31, 2022 & $20/share at December 31, 2023. Dividends declared & paid -2023 Dividends declared & paid -2022 $89,900 $40,000

Goofy's Toys Limited is interested in opening a second location and are looking to obtain a loan of $250,000 to purchase a new building. They have approached your friend for the loan and they have come to you for assistance in making the decision. Wei, the manager, of Goofy's has provided you with the income statement, balance sheet \& statement of cash flows for the last 2 years for the company as well as some additional information including selected industry averages for 2023 . Additional information: Goofy's Toys Limited has 10,000 common shares outstanding at December 31, 2022 and December 31, 2023. The market value of the shares was $15/ share at December 31, 2022 \& $20/ share at December 31, 2023. Selected data from December 31, 2021 year end financial statements: Selected industry averages for 2023: Required: 1. Prepare a ratio analysis for Goofy's Toys Limited (you must calculate at least 12 ratios) 2. Prepare a memo for your friend, Betty, advising them on whether they should provide Goofy's Toys Limited with the loan. The memo should include a discussion on at least 4 ratios, the strengths or weaknesses identified in the statement of cash flows and your recommendation on whether they should make the loan