2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued...
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2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required = 2020 2021 2020 2021 Cash 1800 N/P 2700 Marketable securities 2600 A/P 1800 A/R 2200 Accrued Expenses 1600 Inventory 4000 Unearned Revenue 1200 Prepaid Expenses Total Short Term Llabilities 1900 7300 Total Current Asset 12500 Long Term Liabilities 12000 Gross Fixed Asset 30800 Preferred Stock 1000 Accumulated Depreciation 10600 Common Stock 2000 Net Fixed Asset 20200 Paid in Capital 4000 Retained Earnings 6400 Total Shareholders Equity 13400 Total Assets 12 70 Total Liab & Shr Equ. 32700 The 2020 income statement and 202 proforma iricome statement are as follows 2019 2020 Revenue 40000 50000 COGS fixed 2000 2000 COGS variable 16000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 10000 6000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 1060 924 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 20000 Gross Profit 22000 28000 OpEx fixed 800 800 OpEx variable 6000 10000 Depreciation 3680 5000 EBIT 11520 12200 Interest all fixed 6900 6900 EBT 4620 5300 Tax (%20) 924 1060 Net Income 3696 4240 Preferred Stock Dividend 2000 2000 Earning available to 1696 2240 Common Stockholder CASH WILL REMAIN THE SAME WE WANT 2021 COLLECTION PERIOD TO BE 72 DAYS (360 DAYS A YEAR) WE WANT 2021 INVENTORY TURNOVER TO BE 4 PREPAID EXPENSE WILL CHANGE WITH RESPECT TO CHANGE IN SALES WE WANT CASH RATIO TO BE 0.2 WE WILL MAKE 12000 TRY FIXED ASSET INVESTMENT WE WANT 2021 PAYMENT PERIOD TO BE 90 DAYS (360 DAYS A YEAR) REST OF THE SHORT TERM LIABILITIES WILL CHANGE WITH RESPECT TO SALES NO NEW PREFERRED OR COMMON STOCK ISSUANCE DIVIDEND DISTRIBUTION RATIO TO COMMON STOCKHOLDERS WILL BE 25% Determine the values in 2021 Proforma balance sheet. All numbers with ino.commas or full stop Cash = 1800 (as an example) Marketable securities A/R = Inventory = !! Prepaid Expenses = %3D Total Current Asset = Gross Fixed Asset = Accumulated Depreciation Net Fixed Asset = Total Assets = N/P A/P = Accrued Expenses = Unearned Revenue = Total Short Term Liabilities = O Ar Accrued Expenses = %3D Unearned Revenue: Total Short Term Liabilities = %3D Long Term Liabilities = Preferred Stock Common Stock= %3D Paid in Capital = Retained Earnings = Total Shareholders Equity %3D Total Liab & Shr Equ. = External Financing Required =
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1 Calculation of Receivables Average collection period 360days Receivable turnover Ratio 60 Days Therefore Receivable Turnover Ratio 6 Receivable Turn... View the full answer
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Posted Date:
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State Street Beverage Company issues $802,000 of 11%, 10 -year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is true? O A. If the...
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Do you think it makes more sense to structure government healthcare programs as entitlements or block grants? What are the economic and healthcare risks and benefits of each approach? Does your...
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Is higher Medicaid cost-sharing a good idea? What are the strongest arguments you can make for and against higher cost sharing? Should Medicaid beneficiaries have the same cost sharing...
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What are the implications of a two-tiered Medicaid system? Is there justification for offering some beneficiaries a less generous benefit package than others? Is it fair to impose additional...
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What is the ICS, and why is it important to preparedness and response?
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Looking at Medicaids traditional eligibility rules, you will notice numerous value/policy judgmentspregnant women and children are favored over childless adults, the medically needy are favored over...
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Reference the P r curve that is shown for a propeller airplane in Figure 7.24. Find the angle of climb at 125 KTAS given the following information: Weight=20000lbs. P a =3500 HP 2000+ 1500 1000 500 =...
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Perform the operation by first converting the numerator and denominator to scientific notation. Write the answer in scientific notation. 7,200,00/0.000009
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Valuation of brand name. When an acquiring firm purchases another firm with established brand names, it will likely allocate a portion of the purchase price to the brand names. Measuring the fair...
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Journal entries for service contracts. Abson Corporation began business on January 1, 2008, selling copiers. It also sells service contracts to maintain and repair copiers for $600 per year. When a...
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Journal entries for warranty liabilities and subsequent expenditures. Miele Company is a German family-owned appliance business. Assume that Miele provides a two-year warranty on its products and...
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A small stone is fastened to the top of a standard cart of inertia \(1 \mathrm{~kg}\) to form a combination of unknown inertia \(m_{1}\). A second standard cart is then launched with an initial...
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(a) A red cart with an initial speed of \(0.35 \mathrm{~m} / \mathrm{s}\) collides with a stationary standard cart \(\left(m_{\mathrm{s}}=1.0 \mathrm{~kg} ight)\). After the collision, the standard...
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A person standing on a skateboard on horizontal ground pulls on a rope fastened to a cart. Both the person and the cart are initially at rest. Use the Procedure box to identify an isolated system and...
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