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i need this question in 6-7 hours The Team Assignment requires an analysis of specific financial data of Bob Smith Inc. Bob is an existing

i need this question in 6-7 hoursimage text in transcribed

The Team Assignment requires an analysis of specific financial data of Bob Smith Inc. Bob is an existing bank customer. When the loan to Bob was originally made in 2013 the bank required Bob to increase the YE 2014 cash balance to at least $70,000. The Cash Flow Statement and Balance Sheet show an actual YE 2014 cash balance of less than $34,000. The Team Assignment requires participation in a team effort to complete the (partially prepared) 2014 Cash Flow Statement. In Seminar 1 you discussed how to complete and use the 2014 Cash Flow Statement outcomes to explain how specific accounts influenced Bob's low cash balances...in other words...some reasons why Bob has no cash! This information allows you to substantiate the 2015 loan denial. You are aware this action will create dire financial circumstances for Bob's company. As the loan officer you Units 1-3 [MT480: Corporate Finance] must pass along the news in a business letter that is most professional and written in an objective manner. Please use values in the letter whenever possible. The documents for this project will be reviewed in Seminar 1 and the Team Assignment will be due by the end of Unit 3. Requirements This project includes data for the a) comparative Balance Sheets, b) partially completed Cash Flow Statement worksheet and, c) the template outline of the loan denial letter. Each document will be reviewed in the Week 1 Seminar. You will locate the comparative Balance Sheets and Cash Flow Statement worksheet in the Team Assignment Worksheets file. Please use the template outline to prepare the business letter. See attached Cash flow statement and Sample Business letter

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