Who Should Get a Holiday Loan? You are head of the loan department at Wilshire National Bank and…

Who Should Get a Holiday Loan?

You are head of the loan department at Wilshire National Bank and have been approached by two firms in the retail toy business. Each firm is requesting a nine-month term loan to purchase inventory for the holiday season. You must make your recommendations to the loan committee and have gathered the following data in order to make your analysis. Fun Toy Company was organized in early 2008. The first year of operations was fairly successful, as the firm earned net income of $45,000. Total sales for the year were $600,000, and total assets at year-end December 31, 2008, were $350,000. A condensed balance sheet at September 30, 2009, follows. The firm is requesting a $100,000 loan.

The Toy Store, the other firm, has been in business for many years. The firm’s net income was $100,000 on total sales of $2,000,000 in the most recent fiscal year. A balance sheet as of September 30, 2009, is given below. The firm is seeking a $200,000 loan.

Write a one-page memo to the loan committee containing your recommendation about making loans to Fun Toy Company and to The Toy Store. You should use selected financial ratios in making your recommendation. Remember, your memo is only one page, so you can’t just present a list of every possible ratio computation. Build your recommendation around a few key numbers.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!