You are the credit analyst for a company that RONA has approached to become a major supplier

Question:

You are the credit analyst for a company that RONA has approached to become a major supplier of lumber. Prepare a report to the manager of the credit department assessing the credit-worthiness of RONA and recommending whether the company should extend credit. Be sure to consider the information provided in the notes to the provided in Exhibit 12.4.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...