DQ 1 Visit the website of your favorite U.S. company. Find the company’s financial statements in the section of the website for investors. Post a link to the statements. Compute two ratios from each type, including liquidity, solvency, and profitability. What do these ratios tell you about the financial status of this company?
DQ 2 An effectively organized loan application reduces the time spent waiting for a response to a loan request. According to John Nelson III, SCORE counsellor in Rhode Island and vice president of a major U.S. bank, “in about 80 percent of the cases, the formal request is not complete” (U.S. Small Business Administration, n.d., para. 2).
What factor, or factors, in your opinion, contribute to this high percentage of incomplete loan packages? What strategies do you recommend to overcome each of the factors identified?