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The Essentials of Finance and Accounting for Nonfinancial Managers, 3rd Edition by Edward Fields

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APPENDIX C

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Comprehensive Case Study: Paley Products, Inc.

Phase 1

Robert Eng, vice president and loan officer of the First National Bank of Chicago, Illinois, was recently alerted by the bank’s newly installed state-of-the-art computerized loan analysis program to the deteriorating financial position of one of the bank’s clients, Paley Products. The bank requires quarterly financial statements (balance sheet, income statement, and sources and uses of funds) from each of its loan customers. The data from the financial statements are entered into a spreadsheet program that calculates the key ratios, charts trends, and compares a firm’s ratios and ...

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