completion of their degree. The signature assignments may be graded
with an automated rubric that allows the University to collect data that
can be aggregated across a location or college/school and used for
program improvements. Assignment Steps Resources: Generally
Accepted Accounting Principles (GAAP), U.S. Securities and
Exchange Committee (SEC) Tutorial help on Excel® and Word
functions can be found on the Microsoft® Office website. There are
also additional tutorials via the web offering support for Office
products. 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: 2017 2016 Current Ratio
3.1 2.1 Asset Turnover 2.8 2.2 Net Income Up
32%
Down 8% 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: •
Explain why you would want the financial statements to be audited. •
Discuss the implications of the ratios provided for the lending
decision you are to make. That is, does the information paint a
favorable picture? Are these ratios relevant to the decision? State why
or why not. •
Evaluate trends in the performance of White Sands
Bank. Identify each performance measure as favorable or unfavorable
and explain the significance of each. • List three other ratios you
would want to calculate for White Sands Bank of Taos, and in your
own words explain in detail why you would use each. • As the loan
officer, what else would you do to gain a better understanding of Paul
Jason's, and the Corporation's financial picture and why? • Based