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Essay

Friendly Cards, Inc

Essay specific features

 

Issue:

Business

 

Written by:

George R

 

Date added:

August 21, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2916

 

Was viewed:

9671 times

 

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Essay content:

The company has never been without financing problems. The business is capital intensive and has had to rely on its good relations with its banks and suppliers to achieve success. Friendly's bankers have begun to feel uneasy about how much the company is relying on debt capital to finance its operations...
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Friendly's bankers have begun to feel uneasy about how much the company is relying on debt capital to finance its operations. They have suggested that they agreed to help finance their growth in the past with the assumption that sales would decrease substantially in the future. The firm's liabilities/equity ratio had peaked to 5...
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