Purpose of Assignment\u00a0\tThis 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.\tAbout Your Signature Assignment\tThis signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon 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.\u00a0\tAssignment Steps\u00a0\tResources:\u00a0Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC)\u00a0\tTutorial help on Excel\u00ae\u00a0and Word functions can be found on the Microsoft\u00ae\u00a0Office website. There are also additional tutorials via the web offering support for Office products.\u00a0\tScenario:\u00a0You 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:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u00a0\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2017\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2016\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCurrent Ratio\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t3.1\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2.1\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAsset Turnover\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2.8\u00a0\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t2.2\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tNet Income\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tUp 32%\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDown 8%\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tEarnings per Share\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$3.30\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t$2.50\t\t\t\t\t\t\tJason 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.\u00a0\tDevelop\u00a0a minimum 700-word examination of the financial statements and include the following:\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Explain why you would want the financial statements to be audited.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 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.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Evaluate trends in the performance of White Sands Bank. Identify each performance measure as favorable or unfavorable and explain the significance of each.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 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.\t\u00b7 \ufffd\u00a0\u00a0\u00a0 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?\t\u00b7 \ufffd\u00a0\u00a0\u00a0 Based on your analysis of White Sands Bank, will you recommend approval for the requested loan? Provide specific details to support your decision.\u00a0\tFormat\u00a0the assignment consistent with APA guidelines.\tClick\u00a0the Assignment Files tab to submit your assignment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Purpose of Assignment\u00a0 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 Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-200408","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=200408"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200408\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=200408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=200408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=200408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}