Medium Manufacturers, Inc. ( MMI ) has the following items on its Balance Sheet for last year:
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Question:
Medium Manufacturers, Inc. MMI has the following items on its Balance Sheet for last year: Cash of $ Accounts Receivable of $ Inventory of $ Short Term Investments of $ Gross Fixed Assets of $ Accumulated Depreciation of $ Accounts Payable of $ Accrued Expenses of $ Short Term Notes Payable of $ Long Term Debt of $ Common Stock of $ with a $ Par Value, Additional Paid in Capital of $ and Retained Earnings of $
Medium Manufacturers, Inc.
Last Year
Assets:
Cash $
Accounts Receivable $
Inventory $
Short Term Investments $
Total Current Assets $
Gross Fixed Assets $
Accumulated Depreciation $
Net Fixed Assets $
Total Assets $
Liabilities & Owner's Equity:
Accounts Payable $
Accrued Expenses $
Short Term Notes Payable $
Total Current Liabilities $
Long Term Debt $
Total Liabilities $
Common Stock $ Par Value $
Additional Paid In Capital $
Retained Earnings $
Total Owner's Equity $
Total Liabilitities & Owner's Equity $ Turning our focus to MMIs Pro Forma Balance Sheet, please assume that Cash and Short Term Investments do not change from last year, and that Accounts Receivable and Inventory maintain their same ratio to Sales as Last Year. Gross Fixed Assets will change as described in problem Assume that Accounts Payable and Accrued Expenses maintain their same ratio to Sales as Last Year, and that Short Term Notes Payable, Long Term Debt, Common Stock, and Additional Paid in Capital do not change from last year. Also, MMI will maintain their same Cash Dividends as last year paying out $ What is MMIs Pro Forma Total Assets to the nearest cent given all the assumptions in these problems? Do not enter $ or comma in the answer box. For example, if your answer is $ then enter as in the answer box.
Posted Date: