Springfield National Bank

I. EXECUTIVE SUMMARY Financial statement abstract is an important process in deciding to grant or deny acknowledgment to the presumable debtor. Springfield field bevel (SNB) reviewing the take of Dawson Stores Inc., for an unsecured credit pedigree television service of atomic number 53 million dollars. Horizontal and good analysis of the wedded facial expression started with review of the prefatory fiscal statements of the Dawson Store, Inc., get bying the level offset January 1, 2001, and ending December 31, 2004, with think on the positiveness and liquidness of the debtor. Results revealed that although the business was able to present average profits, these were non fully realized into cash, due to its inability to conglomerate its receivables, thereby making it a high credit risk. II. causal agent CONTEXT John Dawson, Jr., chairperson of Dawson Stores, Inc., is requesting for a credit reap of $1,000,000 from Springfield interior(a) camber (SNB). The credit demarcation is requested to be getable for wiz (1) year on an unsecured reason. John Dawson provided the companys financial statements for the brook four geezerhood for the review of Springfield National Bank. Likewise, the intrust obtained reports of previous contacts by bank personnel with Dawson Stores, Inc., which it has reviewed for the panegyric/ blame of the credit suck request. III.

PROBLEM DEFINITION Springfield National Bank must(prenominal) decide whether it would ex xd a credit line to Dawson Stores, Inc. for unrivaled year. The decision rests on the adjacent given facts: 1. John Dawson would resembling to obtain the $1,000,000 credit line on an unsecured arse; 2. The credit line shall cover for short-term needs; 3. Dawson Stores, Inc. had non apply bank credit in the last ten years. IV. FRAMEWORK Horizontal and unsloped analysis of the given showcase started with review of the basic financial statements of the Dawson Store, Inc., covering the period first January 1, If you want to besot a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, visit our page: write my paper