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Question If you were a banker, and this firm approached you for a long term 10-year loan for $500,000, 1. What ratios would you calculate
Question If you were a banker, and this firm approached you for a long term 10-year loan for $500,000, 1. What ratios would you calculate (1 mark), and 2. Explain briefly why you would or would not lend them the funds Data Set Assets Cash Timely Corporation Balance Sheet as at December 31 Accounts Receivable Inventories Current Assets Plant and Equipment Less Accumulated Amortization Net Plant and Equipment Total Assets 2019 $30,000 122,500 175,000 327,500 262,500 112,500 150,000 $477,500 2020 A $40,00 187,50 221,25 448,75 293,75 147,50 146,25 $595,00
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