Question
Previously, you were introduced to Dry Supply, Inc., as a case study. Dry Supply is a wholesaler of dry cleaning equipment, cleaning supplies, and laundry
Previously, you were introduced to Dry Supply, Inc., as a case study. Dry Supply is a wholesaler of dry cleaning equipment, cleaning supplies, and laundry soap. The company, which is located in central Kansas, has been in business over 50 years. Anne Schippel is a business banker and, in conjunction with her manager, has determined that this business is consistent with the industries targeted by her bank, as well as being within the bank's designated market area. She has made a couple of introductory calls and knows chat Dry Supply was founded in 1949 by the father, who sold it 20 years later to his daughters, who are the current owners and managers of the company. Four grandchildren also are employed by the company. In shore, this is a family-run business and likely to remain so in the foreseeable future. Dry Supply began as a wholesaler of powdered laundry produces. Twenty years later, the operation changed its focus co dry cleaning supplies, such as liquid cleaners, plastic bags, and metal hangers. The company continues in chat capacity today. Historically, the company has had a very good operating and credit record, and a review of its dealings with suppliers and customers reveals no notable problems. Instructions Review the Risk Rating Grid for Qualitative Factors and Schippel's financial review findings for Dry Supply in Appendix A and Appendix B in this chapter. Then answer these questions.
What are some questions Anne Schippel can ask Dry Supply or be thinking about to better understand these risks?
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