Question: PLEASE ANSWER SOON! AND EXPLAIN HOW U CALCULATE Please use the following projections for Top-A1 Inc.: Total sales of $150,000 Cost of goods sold equal


PLEASE ANSWER SOON! AND EXPLAIN HOW U CALCULATE
Please use the following projections for Top-A1 Inc.: Total sales of $150,000 Cost of goods sold equal to 76.5 percent of sales Total expenses equal to 13.2 percent of sales Tax rate of 35 percent Beginning equity of $51,700 Beginning inventory of $12,300 Age of ending inventory of 62 days Minimum cash balance of $11,000 Accounts receivable of 31 days Fixed assets of $58,300 Accounts payable of 36 days Under these assumptions, the pro-forma balance sheet for Top-A1 Now, assume Top-A1's sales in the subsequent year increase by 18 requirement in two years? Complete the pro-forma income statement for Top-A1 below: (Rou $ Part 1. Top-A1 Inc. Pro Forma Income Statement Sales Cost of goods sold Gross profit Total operating expenses Earnings before tax (EBT) Taxes Net earnings $ $ $ Part 2 Top-A1 Inc. Pro Forma Balance Sheet Assets: Cash Accounts receivable Inventory Total assets $ $ $ $ Liabilities: Accounts payable Long-term debt Total liabilities $ $ Equity Total liabilities and equity $ Data Table $ Top-A1 Inc. Pro-Forma Balance Sheet Assets: Cash Accounts receivable Inventory Fixed assets Total assets Liabilities: Accounts payable Long-term debt Total liabilities Equity Total liabilities and equity 10,400 12,411 18,160 61,000 101,971 11,383 36,625 48,008 53,963 $ $ 101,971 Print Done Please use the following projections for Top-A1 Inc.: Total sales of $150,000 Cost of goods sold equal to 76.5 percent of sales Total expenses equal to 13.2 percent of sales Tax rate of 35 percent Beginning equity of $51,700 Beginning inventory of $12,300 Age of ending inventory of 62 days Minimum cash balance of $11,000 Accounts receivable of 31 days Fixed assets of $58,300 Accounts payable of 36 days Under these assumptions, the pro-forma balance sheet for Top-A1 Now, assume Top-A1's sales in the subsequent year increase by 18 requirement in two years? Complete the pro-forma income statement for Top-A1 below: (Rou $ Part 1. Top-A1 Inc. Pro Forma Income Statement Sales Cost of goods sold Gross profit Total operating expenses Earnings before tax (EBT) Taxes Net earnings $ $ $ Part 2 Top-A1 Inc. Pro Forma Balance Sheet Assets: Cash Accounts receivable Inventory Total assets $ $ $ $ Liabilities: Accounts payable Long-term debt Total liabilities $ $ Equity Total liabilities and equity $ Data Table $ Top-A1 Inc. Pro-Forma Balance Sheet Assets: Cash Accounts receivable Inventory Fixed assets Total assets Liabilities: Accounts payable Long-term debt Total liabilities Equity Total liabilities and equity 10,400 12,411 18,160 61,000 101,971 11,383 36,625 48,008 53,963 $ $ 101,971 Print Done
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