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Mike Smith, CFA, an analyst with Blue River Investments, is considering buying a Montrose Cable Company corporate bond. He has collected the balance sheet and
Mike Smith, CFA, an analyst with Blue River Investments, is considering buying a Montrose Cable Company corporate bond. He has collected the balance sheet and income statement information for Montrose as shown in Table 1 below. Table 1 Montrose Cable Company Year Ended March 31, 2017 (USD Thousands) Balance Sheet Current assets $4,780 Fixed assets 43,205 Total assets $47,985 Current liabilities 4,410 Long-term debt 10,000 Total liabilities $14,410 Shareholders' equity 33,575 Total liab
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