Commercial Paper Acceptances And the Analysis of Credit Statements a Practical
Commercial Paper Acceptances And the Analysis of Credit Statements a Practical
William Henry Kniffin
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G. X. , secretary. Mr. V. X. Has been in this line of business for the past eighteen years and understands it thoroughly. The company's borrowing is entirely for anticipating merchan- dise bills. Endorsement — The paper is endorsed by Messrs. V. X. And A. B. X. , who state they are worth over $300, 000 outside of their interest in the business. [linoleum and rug statement] COMMERCIAL PAPER 133 ANALYSIS OF STATEMENT V This concern has a large cash balance, but few notes receivable, and furniture... and fixtures in a nominal amount. It owns no real estate and its assets are, therefore, all liquid. From the comment we conclude that the management is experienced, takes the dis- counts, and the paper bears the endorsement of two officials who claim a personal worth of three times the amount of paper out- standing. It is a strong statement, even though the total assets are under half a million, and has the added strength of the per- sonal endorsements. 10 184 COMMERCIAL PAPER STATEMENT W SMITH DRY GOODS CO.
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