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Please help with problem 13-18 A (F,G,H) Required. your boss. Provide answers to each of the questions raised by PROBLEM 13-18A common-size statements and Financial

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Required. your boss. Provide answers to each of the questions raised by PROBLEM 13-18A common-size statements and Financial Ratios for a Loan Application [LO13- Loi 3-2, Loi 3-3,LO13-1] 10 ago to and sell several devices on Sabin organized Sabin fairly profitable, is now experiencin which he had secured patents. Although the company has been severe cash shortage. For this is requesting S500,000 long-term loan from Gulfport State Ban $100,000 of which will be used to bolster the Cash account and $400,000 of which will be used to m ize equipment. The company's financial statements for the two most recent years follow: Sabin Electronics Comparative Balance Sheet Last Year This Year Assets Current assets: 150,000 70,000 18,000 Marketable securities 300,000 480,000 Accounts receivable, net 600,000 950,000 nventory 22,000 0,000 Prepaid expenses 1,520,000 1,090,000 Total current assets 1,480,000 1,370,000 Plant and equipment, net $3,000,000 $2,460,000 Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities 800,000 430,000 Bonds payable, 12% 600,000 600,000 1,400,000 1,030,000 ties Stockholders' equity: Common stock, $15 par 750,000 750,000 Retained earnings 850,000 680,000 Total stockholders' equity 1,600,000 1,430,000 Total liabilities and equity $3,000,000 2,460,000 Sabin Electronics Comparative Income Statement and Reconciliation This Year Last Year $5,000,000 $4,350,000 Cost of goods sold 3,875,000 3,450,000 Gross margin 1,125,000 900,000 Selling and administrative expenses 653,000 548,000 Net operating income 472,000 Interest expense Net income before taxes

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