Page View AS Read aloud V Drawe Highlight 2020 $316,919 Sales Cost of Goods Sold 213,199 32,420 Depreciation Earnings Before Interest & Tax Interest Paid $71,300 19,500 Table Income $51,800 20,720 Taxes (40%) ho Net Income Dividends Additions to Retained Earnings $31,080 $20,500 10.580 Your boss wants you to calculate the following ratios for 2020 and make a recommendation regarding the loan request Current Ratio Quick Ratio Cash Ratio Asset Turnover Inventory Turnover Receivables Turnover Total Debt Ratio Equity Multiplier Times Interest Earned Profit Margin ROA ROE The client has asked for a $10 million loan. Based on the ratio s above which one's do you believe are most important to a bank and why? Make a recommendation (short paragraph) should the bank lend the client the money? Why or Why not. Question (20 marks) Your friend Bill Sing just got a job after graduating with a 92% average. Bill's grades were not a true reflection of his intelligence, as all he did was cheat and plagiarize throughout his classes. His true average is 29%. At Bill's new job, his boss asks to review the following financial statements for the company's client. 2019 2020 2019 2020 CURRENT ASSETS CURRENT LIABILITIES Cash $24,046 12,445 $13,255 25,233 Accounts Payable Notes Payable Other $13,134 12,000 Accounts Receivable $13.420 41,800 30,553 90,773 Inventory 25,392 50.155 11.571 TOTAL. Current Assets $61,886 $93,645 Total Current Liabilities 36,755 Long Term Debt $50,000 $205,000 FDED ASSETS $483,134 $314,693 Net Plast & Equipment OWNERS EQUITY Common Stock $40,000 $40,000 Retained Earning 219,826 243 606 265 606 TOTAL OWNERS EQUITY 259 526 $376,581 5579,379 $376,651 $579..19 TOTAL Liabilit & OE TOTAL ASSETS