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Advanced Medical Technology Corporation Background Advanced Medical Technology Corporation (AMT) dealt with scientific instruments that made access to certain organs and vessels quicker and less invasive. Currently, AMT has a line of credit with Sunnyvale Bank for $6 million. Sunnyvale Bank would not increase the current line. The president of Advanced Medical Technology Corporation, Peter Haskins, requested a line of credit from Western National Bank of San Francisco in the amount of $8 million to finance its activities. Issues 1. What are the financial projections for the upcoming 3 years, 1986, 1987 and 1988? Assume that sales grow at 35% a year and operations do not change. Forecast the income statement and balance sheet. (Exhibits 1 & 2) 2. How much external financing will be necessary? (Exhibit 2) 3. If we were the bank, would we make the loan? Analysis: Exhibits 1 and 2 show the Pro Forma Income Statements and Balance Sheets respectively. The income statements indicate...

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