The T$.$ P$.$ Jarmon Company manufactures and sells a line of exclusive sportswear. The$$ firm's sales were $ $600$ comma $000$ for the year just$$ ended, and its total assets exceeded $ $500$ comma $000.$ The company was started by Mr$.$ Jarmon just $10$ years ago and has been profitable every year since its inception. The chief financial officer for the$$ firm, Brent$$ Vehlim, has decided to seek a line of credit from the$$ firm's bank totaling $ $80$ comma $000.$ In the$$ past, the company has relied on its suppliers to finance a large part of its needs for inventory. $$ However, in recent months tight money conditions have led the$$ firm's suppliers to offer sizable cash discounts to speed up payments for purchases. Mr$.$ Vehlim wants to use the line of credit to supplant a large portion of the$$ firm's payables during the$$ summer, which is the$$ firm's peak seasonal sales period.$$

The$$ firm's two most recent balance sheets were presented to the bank in support of its loan request. In$$ addition, the$$ firm's income statement for the year just ended was provided. These statements are found in the following$$ tables:$$LOADING$....$ Jan$$ Fama, associate credit analyst for the Merchants National Bank of$$ Midland, Michigan, was assigned the task of analyzing$$ Jarmon's loan request.