The income statement should be 2013 instead of 14 it was a book error. Can someone please solve this in detail. Im already stuck on #1 its asking for a cash based income statement wouldnt the one in the table be that? The rest I need help on also.

does not want the collateral but will need all he can get if the eeds to prepare a collateral schedule. He knows that the banker successful as expected. 6. P business is not as repare a list of questions to which you would need the answers. Be sure to explain the specifics of the questions as they relate to this case. a. What types of loan covenants would you require? b. Identify the bank's largest risks in making this loan. c. How would you structure the loan to protect the bank? d. What is your recommendation concerning the loan request? Conduct the analysis suggested by the above questions. What is your recommen- dation concerning the loan request? II. Performance of Chem-Co Coatings. Table 1 presents income statement and balance sheet data for Chem-Co Coatings, a producer of fertilizers used in agriculture, that recently bought a small manufacturing firm outside the United States. During 2 the firm instituted a national marketing campaign to inform agricultural busin 013 esses and indi Presley was pleased with sales in 2013, noting the 30 percent increase over 2012 sales. and commodity prices, Presley is anticipating a sharp pull-back in business 1. Using the data in Table 1, generate a cash-based income statement for Chem-Co ividual farmers of Chem-Co's new products. Chief executive officer Wynona with the economic recession and decline in U.S. and foreign agriculture for 2013. 2. Calculate days accounts receivable, inventory turnover, and days accounts payable for 2012 and 2013 and determine whether the use (source) of cash in working capital was a result of sales growth, credit policy, inventory policy, or trade credit policy. Did these turnover ratios improve or deteriorate? What was the resulting impact on cash flow? 3. Interpret the figures by evaluating the firm's CFO and key financial ratios. 4. Identify potential problems that the firm faces