"Pearson Air Conditioning & Service." This assignment asks you to complete a thorough analysis of the content of the case and answer the following question found on page 581:

1.Evaluate the overall performance and financial structure of Pearson Air Conditioning & Service.

2.What are the strengths and weaknesses in this firms management of accounts receivable and inventory?

3.Should the firm reduce or expand the amount of its bank borrowing?

4.How could Pearson Air Conditioning & Service improve its working capital situation?

In answering these questions, ensure you provide an analysis of the balance sheets and income statements provided in the case as well. I would like to make sure you have the ability to analyze and interpret these financial reports.

After reading the case and reviewing the questions, prepare a report of three to four (3-4) pages (not including a cover page and reference page) that conveys your understanding of the questions.