Problem $9-19$

Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short$-$term loan.

Red Brick supplies building material throughout the southern states, with brick plants located in Tennessee, Alabama, Georgia, and Indiana.

The firm's income statement and balance sheet are given below. The third table presents both a ratio analysis of Red Brick's previous year's financial statements and the industry averages of the ratios.

Red Brick Income Statement

$\backslash$table$[[($for the period ending December,$\frac{12}{31}\frac{?}{20}1$