Suppose you work in the loan department of CIBC. Dean
Question and Solution
Suppose you work in the loan department of CIBC. Dean Young, owner of Dean Young Sports Equipment, has come to you see
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Suppose you work in the loan department of CIBC. Dean Young, owner of Dean Young Sports Equipment, has come to you seeking a loan for $500,000 to expand operations. Young proposes to use accounts receivable as collateral for the loan and has provided you with the following information from the company's most recent financial statements: Requirement Analyze the trends of sales, days' sales in receivables, and cash collections from customers for 2017 and 2016. Would you make the loan to Young? Support your decision with facts and figures?
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