In this task you will prepare a report for the chief financial officer (CFO) to present to a bank vice president who may consider extending a long-term loan to Custom Snowboards, Inc. The CFO has requested that you analyze the financial statements to arrive at a selection of key financial statement line items, a risk assessment and ratios that the banker may use to assess and, if the loan is granted, track the progress of the company’s ability to repay the loan.
You will prepare another report to present directly to the chief executive officer (CEO) of Custom Snowboards Inc. and the board of directors. The report will include a recent history of the company and a recommendation on how to proceed with the expansion plans.
Be sure to enter your first initial and last name on the first worksheet in Custom Snowboards, Inc. Financial Data excel document.