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Arsella would like to apply for a loan to expand Vincents Gift Shop. The businesss...

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Accounting

Arsella would like to apply for a loan to expand Vincents Gift Shop. The businesss current assets are $58, 482 and total liabilities are $32, 289. Should Arsella expand the business at this time?

Total assets: $58, 482

Total liabilities: $32, 289

Ending inventory: $34, 579

Net Sales: $173,157

Operating expenses: $ 17,643

Cost of goods sold: $ 126,371

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