A company is preparing a proforma balance sheet. The company forecast $10 million in projected sales. The
Fantastic news! We've Found the answer you've been seeking!
Question:
A company is preparing a proforma balance sheet. The company forecast $10 million in projected sales. The projected cash needed 6% of sales, accounts receivalbe are 19% of sales, and PP&E are 50% of sales. Accounts payable has been 12% of sales, historically shareholders equity is 1.5 million. Pro forma income is $3.6 million. The company has no long term debt. What is the total discretionary amount for the pro forma balance sheet?
Related Book For
Principles of Managerial Finance
ISBN: 978-0133507690
14th edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date: