Katherine Lopez AlbayeroBUS 302 TuT 2PM-3:15PMIntroduction The purpose of this report is to provide Mr. Grey, CEO of Bank of America, suggestions on what he can do regarding John Mackay’s, CEO of Whole Foods, request of an extended line of credit, in which his options are to accept or deny it. John Mackay’s borrowed $45,000 and started a small natural food store and was able to open an original Whole Foods Market. In comparison to the standard health food stores of the time, it was much larger. Whole Foods Market had a rapid growth by acquiring other natural food chains. It then moved to Manhattan, New York where it generated a good deal of interest from the media and financial industries. Due to its success, Mackay wants to open 50 new stores in the state of Alaska. I will be identifying and verifying the statement of equity, income statement, balance sheet, statement of cash flow, and their marginal significance to ensure WholeFoods net income/net loss, their total assets, liabilities, and equity, and their probability of obtaining the same results in the
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