Loan Officer
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Title ABC/123 Version X |
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Scenario – Week 3 Individual Assignment ACC/561 Version 7 |
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University of Phoenix Material
Scenario:
You are a loan officer for White Sands Bank of Taos. Paul Jason, president of P. Jason Corporation, has just left your office. He is interested in an 8-year loan to expand the company's operations. The borrowed funds would be used to purchase new equipment. As evidence of the company's debt-worthiness, Jason provided you with the following facts:
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2017 |
2016 |
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Current Ratio |
3.1 |
2.1 |
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Asset Turnover |
2.8 |
2.2 |
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Net Income |
Up 32% |
Down 8% |
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Earnings per Share |
$3.30 |
$2.50 |
Jason is a very insistent (some would say pushy) man. When you told him you would need additional information before making your decision, he acted offended and said, "What more could you possibly want to know?" You responded you would, at minimum, need complete, audited financial statements.
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Copyright © 2017 by University of Phoenix. All rights reserved.