Sable Company is seeking a short-term loan from its local bank. The banker needs assurance that the company will be able to repay the loan. Describe three financial ratios the banker should consider including in the loan approval process. What information does each of your selected ratios provide?
What will be an ideal response?
Answers will vary
The banker needs to assess the short-term debt-paying ability of Sable Company. Consequently, the banker should calculate liquidity ratios.Â
Students should describe three of the following measures (ratios):
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A number of electronic firms moved to the east coast. (present perfect)
What will be an ideal response?
Which of the following items may not be a cost to employ a person?
a. Social Security tax b. health insurance c. FUTA tax d. SUTA tax e. Medicare tax
Hearsay is admissible as long as the truth of the statement can be determined
a. True b. False