Suppose you are running your own profitable small business, operating a food truck that sells 1 2
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Question:
Suppose you are running your own profitable small business, operating a food truck that sells different varieties of mac and cheese. Given your success, you want to add to your operations with a second truck, but you need $ to buy the truck and equipment for it You approach a friendly local banker who really likes your food and is interested in considering lending you the $ you need. But before the banker can approve a loan, she needs you to provide a balance sheet, income statement, and statement of cash flows for the most recent year.
Required:
How will that information help the banker approve your loan? Explain.
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