What is proforma accounts receivable in 2020? INCOME STATEMENT 2018 2019 Net sales 1,316 1,658 Cost of

What is proforma accounts receivable in 2020?

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INCOME STATEMENT 2018 2019 Net sales 1,316 1,658 Cost of goods sold 332 673 Salaries Rental expenses 90 100 26 18 Depr. Expense 12 30 Interest expense 560 338 Tax expense 48 71 Net income (loss) 248 428 BALANCE SHEET 2018 2019 Cash 26 20 Accounts receivable 72 82 Inventory 85 78 GFA Total Current Assets Accd depre 183 180 1,138 1,575 110 140 Net fixed assets 1,028 1,435 Total Assets 1,211 1,615 Accounts payable 39 52 Bank line of credit 0 225 Current portion due on term loan 70 70 Total Current Liabilities 109 347 Long-term debt 875 805 Total Liabilities 984 1,152 Total equity 227 463 Total Liabilities and Equity 1,211 1,615 INCOME STATEMENT 2018 2019 Net sales 1,316 1,658 Cost of goods sold 332 673 Salaries Rental expenses 90 100 26 18 Depr. Expense 12 30 Interest expense 560 338 Tax expense 48 71 Net income (loss) 248 428 BALANCE SHEET 2018 2019 Cash 26 20 Accounts receivable 72 82 Inventory 85 78 GFA Total Current Assets Accd depre 183 180 1,138 1,575 110 140 Net fixed assets 1,028 1,435 Total Assets 1,211 1,615 Accounts payable 39 52 Bank line of credit 0 225 Current portion due on term loan 70 70 Total Current Liabilities 109 347 Long-term debt 875 805 Total Liabilities 984 1,152 Total equity 227 463 Total Liabilities and Equity 1,211 1,615

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