Jolly Joe's Pizza has just come out with a new pizza that Joe is sure will...

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Jolly Joe's Pizza has just come out with a new pizza that Joe is sure will cause sales to double between 2012 and 2013. Using the following worksheet, complete Joe's pro forma financial forecast and answer the related questions. Jolly Joe's Pizza, Inc. Financial Status and Forecast You may assume that COGS, current assets, and current liabilities will maintain the same Durham University percentage of sales as in 2012. Sales COGS Gross Profitness School Fixed Expenses Before-Tax Profit Tax @ 33.33% Furthermore, you may assume that no new fixed assets will be needed in 2013, and the current Net Profit dividend policy will be continued in 2013. Dividends Current Assets Net Fixed Assets Total Assets Will Joe be able to get by without any additional funds needed in 2013? If not, how much will he need? Current Liabilities Long-Term Debt Common Stock Retained Earnings Total Liabilities and Equity 2012 $ 10,000 4,000 6,000 3,000 3,000 1,000 $ 2,000 $ 0 $ 25,000 15,000 $ 40,000 $ 17,000 3,000 7,000 13,000 $ 40,000 Estimate for 2013 Jolly Joe's Pizza has just come out with a new pizza that Joe is sure will cause sales to double between 2012 and 2013. Using the following worksheet, complete Joe's pro forma financial forecast and answer the related questions. Jolly Joe's Pizza, Inc. Financial Status and Forecast You may assume that COGS, current assets, and current liabilities will maintain the same Durham University percentage of sales as in 2012. Sales COGS Gross Profitness School Fixed Expenses Before-Tax Profit Tax @ 33.33% Furthermore, you may assume that no new fixed assets will be needed in 2013, and the current Net Profit dividend policy will be continued in 2013. Dividends Current Assets Net Fixed Assets Total Assets Will Joe be able to get by without any additional funds needed in 2013? If not, how much will he need? Current Liabilities Long-Term Debt Common Stock Retained Earnings Total Liabilities and Equity 2012 $ 10,000 4,000 6,000 3,000 3,000 1,000 $ 2,000 $ 0 $ 25,000 15,000 $ 40,000 $ 17,000 3,000 7,000 13,000 $ 40,000 Estimate for 2013

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To perform Joes pro forma financial forecast and answer the question regarding whether Joe will need any additional funds in 2013 we will first foreca... View the full answer