Question: Cherokee Bikes - Part 1 Cherokee Bikes was started 2 years ago. Cherokee manufactures and sells classic motorcycles similar to Nortons and Indians made in


Cherokee Bikes - Part 1 Cherokee Bikes was started 2 years ago. Cherokee manufactures and sells classic motorcycles similar to Nortons and Indians made in the 1940's. They have provided financial information for the past two years. Blake Roach owns the largest motorcycle dealership in north Florida. Recently, he was approached by Bob Lee, founder of Cherokee Bikes, and offered the opportunity to be the sole distributor for Cherokee in the state. Acceptance of the offer would require Blake to open a dedicated showroom and repair facility and stock Cherokee parts. Blake is quite impressed by the Cherokee product but, before making a major investment, he wants to be confident the company will be around for the "long haul." Analyze the following financial statements, including some relevant financial ratios. Based on your analysis, comment on the matters that Blake should probe in an upcoming meeting with
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