ACC/561 Version 7
Accounting
Scenario: You are a loan officer for White Sands Bank of Taos. Paul Jason, president of P. Jason Corporation, has just left your office. He is interested in an 8-year loan to expand the company’s operations. The borrowed funds would be used to purchase new equipment. As evidence of the company’s debt-worthiness, Jason provided you with the following facts:
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2017 |
2016 |
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Current Ratio |
3.1 |
2.1 |
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Asset Turnover |
2.8 |
2.2 |
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Net Income |
Up 32% |
Down 8% |
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Earnings per Share |
$3.30 |
$2.50 |
Jason is a very insistent (some would say pushy) man. When you told him you would need additional information before making your decision, he acted offended and said, “What more could you possibly want to know?” You responded you would , at minimum, need complete, audited financial statements.
Develop a minimum 700-word examination of the financial statements and include the following:
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Individual Assignment: Ratio Analysis
This week’s focus is on the preparation of financial reports for internal users, such as managers. This case study applies the concepts of managerial accounting, through comparative and ratio analysis, and requires students to identify financial data needed by managers for decision making.
Generally Accepted Accounting Principles (GAAP)
U.S. Securities and Exchange Committee (SEC)
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Met |
Partially Met |
Not Met |
Comments: |
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Explained why student would want the financial statements to be audited. |
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Discussed the implications of the ratios provided for the lending decision about to be made. That is, did the information paint a favorable picture? Answered the following question: · Are these ratios relevant to the decision? Stated why or why not. |
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Evaluated trends in the performance of P. Jason Corporation. Identified each performance measure as favorable or unfavorable and explained the significance of each. |
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Listed three other ratios that student would want to calculate for P. Jason Corporation, and in own words explained in detail why student would use each. |
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Answered the following question: · As the loan officer, what else would student do to gain a better understanding of Paul Jason’s, and the Corporation’s financial picture and why? |
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Answered the following question: · Based on student’s analysis of P. Jason Corporation, would student recommend approval for the requested loan? Provided specific details to support decision. |
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The examination is a minimum 700words in length. |
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Total Available |
Total Earned |
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4 |
#/4 |
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Writing Guidelines |
Met |
Partially Met |
Not Met |
Comments: |
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The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. |
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Intellectual property is recognized with in-text citations and a reference page. |
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Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. |
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Sentences are complete, clear, and concise. |
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Rules of grammar and usage are followed including spelling and punctuation. |
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Total Available |
Total Earned |
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2 |
#/2 |
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Assignment Total |
# |
6 |
#/6 |
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Additional comments:
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