In 1984, Wilson Lumber generated a 12.7% profit on every dollar invested by shareholders, indicating average profitability for a small company. Despite lower liquidity ratios, the company is able to meet its interest obligations from operating earnings due to a mix of debtor financing and available resources. Northrop National Bank is providing a $325,000 loan with a 3% interest rate and monthly interest payments, due in full within 90 days or upon receipt of payment for any financed receivable. The loan is guaranteed by Roger Wilson, and the borrower promises to use the funds for working capital while providing accurate annual financial sta
...tements prepared according to accepted accounting principles. Representatives of the lender will be allowed to examine the company's property and records as part of the agreed covenants.
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