based on the attached financials would you give this businss a loan. Mr. Richardson and take a $250,000 salary and his wife has $556,325. They have no debt and house worth 1.3M Balance Sheet - (000's)AssetsCashAccounts Receivable.InventoryTotal Current AssetsProperty Plant and Equipment - NetTotal AssetsBeginning inventoryPurchasesEnding inventoryTotal Cost of Goods SoldGross Profit$Operating expensesEarnings before interest and taxes$$31-Dec-227565,7834,10010,6395,25015,889Income Statement - For the 12-Month Period Ending December 31, 2022Net Sales$Cost of Goods Sold08FundingAccounts PayableOperating LoanAccrued expensesCurrent Portion of Long Term DebtTotal Current Liabilities3,60038,76944,7004,10040,60010,3088,9071,401Term LoanCapital/ EquityTotal Funding$$$$31-Dec-222,7003,0008923006,8923,300569715,889

Financial Statements: The statement that shows all the assets, liabilities, revenue, expenses, and…

Balance Sheet - (000's) Assets Cash Accounts Receivable Inventory Total Current Assets Property Plant and Equipment - Net Total Assets Statement Fort $ $ $ Bor 31-Dec-22 756 5,783 4,100 10,639 5,250 15,889 Funding Accounts Payable Operating Loan Accrued expenses Current Portion of Long Term Debt Total Current Liabilities Term Loan Capital/ Equity Total Funding mber 21 7077 $ $ $ $ 31-Dec-22 2,700 3,000 892 300 6,892 3,300 5697 15,889

Balance Sheet - (000's) Assets Cash Accounts Receivable Inventory Total Current Assets Property Plant and Equipment - Net Total Assets Statement Fort $ $ $ Bor 31-Dec-22 756 5,783 4,100 10,639 5,250 15,889 Funding Accounts Payable Operating Loan Accrued expenses Current Portion of Long Term Debt Total Current Liabilities Term Loan Capital/ Equity Total Funding mber 21 7077 $ $ $ $ 31-Dec-22 2,700 3,000 892 300 6,892 3,300 5697 15,889

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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