Brook Plumbing has a line of credit of $ 8 0 0 , 0 0 0 with
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Question:
Brook Plumbing has a line of credit of $ with peak usage in August and a low point in January. The company's notes payable the amount outstanding on the line of credit at year end has been increasing, while longterm debt is decreasing. Sales increased at a rate of between and percent in the last two years. The company expects continued growth and has requested a longterm loan of $ to support the increases in inventory and accounts receivable. What would be your reaction to request?
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
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