Question: 6. Based on the forecasts developed earlier, would Mark X be able to retire all of the outstanding short-term loans by December 31,1993 ? In

6. Based on the forecasts developed earlier, would Mark X be able to retire all of the outstanding short-term loans by December 31,1993 ? In answering this question, assume that the firm will, if possible, repay the loans at a constant rate throughout the year. Therefore, on average, the amount of short-term loans outstanding will be half of the beginning-of-year amount. 7. If the bank decides to withdraw the entire line of credit and to demand immediate repayment of the two existing loans, what alternatives would be available to Mark X

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