Business, 25.06.2019 10:50 catPIE2473

Bookmatch 4-11 (book/static) (financial analysis) 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 was $408 comma 300. 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 totaling $80 comma 000 from the firm's bank. 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 replace 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 popup window: mike ameen, associate credit analyst for the merchants national bank of midland, michigan, was assigned the task of analyzing jarmon's loan request. a. calculate the financial ratios for 2015 corresponding to the industry norms provided in the popup window:

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 04:10

Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforce in a nightly batch. us wants to add automation that can attempt to match leads and contacts to these orders using the email address field on the insert. us is concerned about the performance of the automation with a large data volume. which tool should uc use to automate this process?

Answers: 1

Answer

Business, 22.06.2019 05:30

From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?

Answers: 1

Answer

Business, 22.06.2019 13:40

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)

Answers: 1

Answer

Business, 22.06.2019 20:30

When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?

Answers: 1

Answer

You know the right answer?

Bookmatch 4-11 (book/static) (financial analysis) the t. p. jarmon company manufactures and sells a...

Questions