Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

Exercise 4

Users of financial information
Suppose you are the manager of Greg's Tunes, Inc. The company needs a bank loan in order to purchase music equipment. In evaluating the loan request, the banker asks about the assets and liabilities of the business- In particular, the banker wants to know the amount of the businesses stockholders' equity.
Requirements
1. Is the banker considered an internal or external user of financial information
2. Which financial statement would provide the best information to answer the banker's questions