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Skylar Keys organized Keys Computers 1 0 years ago in order to produce and sell several computer devices on which he had secured patents. Although

Skylar Keys organized Keys Computers 10 years ago in order to produce and sell several computer devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $500,000 long-term loan from NS Bank, $100,000 of which will be used to bolster the cash account and $400,000 of which will be used to modernize certain important items of equipment. The company's financial statements for the two most recent years follow:
\table[[\table[[KEYS COMPUTERS],[Comparative Balance Sheet]]],[,This Year,Last Ye],[Assets],[Current assets:],[Cash,71,700,127,0],[Marketable securities,-,15,6],[Accounts receivable, net,505,200,254,0],[Inventory,1,014,000,508,0],[Prepaid expenses,20,100,18,2],[Total current assets,1,611,000,922,8],[Plant and equipment, net,1,220,000,1,177,2
Skylar Keys organized Keys Computers 10 years ago in order to produce and sell several computer devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $500,000 long-term loan from NS Bank, $100,000 of which will be used to bolster the cash account and $400,000 of which will be used to modernize certain important items of equipment. The company's financial statements for the two most recent years follow:
\table[[\table[[KEYS COMPUTERS],[Comparative Balance sheet]]],[,This Year,Last Ye],[Assets],[Current assets:],[Cash,71,700,127,0],[Marketable securities,-,15,6],[Accounts receivable, net,505,200,254,0],[Inventory,1,014,000,508,0],[Prepaid expenses,20,100,18,2],[Total current assets,1,611,000,922,8],[Plant and equipment, net,1,220,000,1,177,2
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