You are the owner of a middle-sized Company (with the annual turnover of Euro 5 min)...
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You are the owner of a middle-sized Company (with the annual turnover of Euro 5 min) and came to the meeting with your lending bank with the intention to increase your loan portfolio. At the meeting you provided the bank manager with the preliminary financial statements of your company. Balance sheet Thous. RUB Fixed assets Total non-current assets Cash Inventory Trade and other accounts receivable Total current assets Total assets Share capital Retained earnings Total equity Long-term loans Borrowings from shareholders Total long term liabilities Accounts payable Short-term portion of long-term debt Total short-term liabilities Total equity and liabilities Income statement Thous, RUB Sales Gross profit Operating profit Interest as of 31/12/2016 as of 31/12/2015 Tax Net profit Depreciation 06 40W 752520 2016 147 35 12 500 500 10 95 90 195 695 50 130 180 300 75 375 50 90 140 695 2015 450 135 62 48 5 9 35 450 450 5 90 75 170 620 50 105 155 390 35 425 40 40 620 What answer are you likely to receive from the bank manager before they even start to proceed with the further analysis of your company? You are the owner of a middle-sized Company (with the annual turnover of Euro 5 min) and came to the meeting with your lending bank with the intention to increase your loan portfolio. At the meeting you provided the bank manager with the preliminary financial statements of your company. Balance sheet Thous. RUB Fixed assets Total non-current assets Cash Inventory Trade and other accounts receivable Total current assets Total assets Share capital Retained earnings Total equity Long-term loans Borrowings from shareholders Total long term liabilities Accounts payable Short-term portion of long-term debt Total short-term liabilities Total equity and liabilities Income statement Thous, RUB Sales Gross profit Operating profit Interest as of 31/12/2016 as of 31/12/2015 Tax Net profit Depreciation 06 40W 752520 2016 147 35 12 500 500 10 95 90 195 695 50 130 180 300 75 375 50 90 140 695 2015 450 135 62 48 5 9 35 450 450 5 90 75 170 620 50 105 155 390 35 425 40 40 620 What answer are you likely to receive from the bank manager before they even start to proceed with the further analysis of your company?
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Before proceeding with further analysis the bank manager is likely to express concerns about the companys financial performance based on the prelimina... View the full answer
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Posted Date:
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