$\backslash$table$[[$Less interest paid,$73\_,609\mathrm{.}00\_,87,289\mathrm{.}00\_,94\_,500\mathrm{.}00\_],[$Earnings before taxes $($EBT$),140,035\mathrm{.}00,316,758\mathrm{.}00,],[$Corporate Tax $(20\%),28,007\mathrm{.}00\_\_,63\_,351\mathrm{.}60\_,],[$Net income available for common shares,$112\_\_,028\mathrm{.}00\_\_,253\_\_,406\mathrm{.}40\_\_,],[$Common dividends,$67,216\mathrm{.}80,152,043\mathrm{.}84,],[$Addition to retained earnings,$44,811\mathrm{.}20,101,362\mathrm{.}56,],[$Number of common shares,$100,000,100,000,100,000]]$

Table $2$: Balance Sheet

$\backslash$table$[[$Balance Sheet for December $31,20$x$3($$ in thousands$),\backslash$table$[[$Pro Forma$],[$Yr $20$x$4$E$]]],[,$Yr $20$x$2,$Yr $20$x$3],[$ASSETS$],[$Cash$,246,281\mathrm{.}00,262,760\mathrm{.}00,],[$Marketable securities$,153,350\mathrm{.}00,153,350\mathrm{.}00,153,350\mathrm{.}00],[$Accounts receivables,$339,740\mathrm{.}00,382,387\mathrm{.}00,],[$Inventories$,436,172\mathrm{.}00\_,434\_,896\mathrm{.}00\_,]]$ Case $2$: Using Company financial statements below, you are to identify Pro Forma Statements of Year $20$x$4$E$.$ Assumptions for Pro Forma are as follows:

For Pro Forma, GFF Company will grow by $30\mathrm{.}00\%$ in year $20x4E.$

Dividends payout ratio remains at $60\%$ from its net income.

Any additional funds needed will be financed $25\%$ with Line of credit, and another $75\%$ will be proposed for $5-$year bank loan. No long$-$term bonds or common stock

will be issued.

Leave your answer with $2-$digits after decimal point. Do not round up or round down. For example: $541\mathrm{.}53$

Table $1$: Income Statement $\backslash$table$[[$Inventories$,436,172\mathrm{.}00\_,434,896\mathrm{.}00,],[$Total current assets,$1,175,543\mathrm{.}00,1,233,393\mathrm{.}00,],[$Net plant and equipment,$697\_,997\mathrm{.}00\_,851\_,497\mathrm{.}00\_,1,106,945\mathrm{.}00],[$Total assets,$1\_,873\_\_,540\mathrm{.}00\_\_,2\_\_,084\_,\_,890\mathrm{.}00\_\_,2,664,350\mathrm{.}90],[$LIABILITIES & EQUITY$],[$Accounts payable,$163,977\mathrm{.}00,233,871\mathrm{.}00,],[$Line of credit$],[$Notes payaCase $2$: Using Company financial statements below, you are to identify Pro Forma Statements of Year $20$x$4$E$.$ Assumptions for Pro Forma are as follows:

$1.$ For Pro Forma, GFF Company will grow by $30\mathrm{.}00\%$ in year $20$x$4$E$.$

$2.$ Dividends payout ratio remains at $60\%$ from its net income.

$3.$ Any additional funds needed will be financed $25\%$ with Line of credit, and another $75\%$ will be proposed for $5-$year bank loan. No long$-$term bonds or common stock will be issued.

$4.$ Leave your answer with $2-$digits after decimal point. Do not round up or round down. For example: $541\mathrm{.}53$

Table $1$: Income Statement

Griffon Frozen Food Products

Income Statement for the Year Ending December $31,20$x$3($$ in thousands$)$ Pro Forma

Yr $20$x$2$ Yr $20$x$3$ Yr $20$x$4$E

Net sales $($revenue from sales and others$)1,524,997\mathrm{.}001,977,918\mathrm{.}00$ Answer

COGS $981,871\mathrm{.}001,147,237\mathrm{.}00$ Answer

Selling Gen & Admin Expense $298,787\mathrm{.}00394,928\mathrm{.}00$ Answer

R & D Expenses $17,700\mathrm{.}0015,400\mathrm{.}0020,020\mathrm{.}00$

Depreciation $12,995\mathrm{.}0016,306\mathrm{.}0022,140\mathrm{.}00$

Total operating costs $1,311,353\mathrm{.}001,573,871\mathrm{.}00$ Answer

Earnings before interest and tax $($EBIT$)213,644\mathrm{.}00404,047\mathrm{.}00$ Answer

Less interest paid $73,609\mathrm{.}0087,289\mathrm{.}0094,500\mathrm{.}00$

Earnings before taxes $($EBT$)140,035\mathrm{.}00316,758\mathrm{.}00$ Answer

Corporate Tax $(20\%)28,007\mathrm{.}0063,351\mathrm{.}60$ Answer

Net income available for common shares $112,028\mathrm{.}00253,406\mathrm{.}40$ Answer

Common dividends $67,216\mathrm{.}80152,043\mathrm{.}84$ Answer

Addition to retained earnings $44,811\mathrm{.}20101,362\mathrm{.}56$ Answer

Number of common shares $100,000100,000100,000$

Table $2$: Balance Sheet

Balance Sheet for December $31,20$x$3($$ in thousands$)$ Pro Forma

Yr $20$x$2$ Yr $20$x$3$ Yr $20$x$4$E

ASSETS

Cash $246,281\mathrm{.}00262,760\mathrm{.}00$ Answer

Marketable securities $153,350\mathrm{.}00153,350\mathrm{.}00153,350\mathrm{.}00$

Accounts receivables $339,740\mathrm{.}00382,387\mathrm{.}00$ Answer

Inventories $436,172\mathrm{.}00434,896\mathrm{.}00$ Answer

Total current assets $1,175,543\mathrm{.}001,233,393\mathrm{.}00$ Answer

Net plant and equipment $697,997\mathrm{.}00851,497\mathrm{.}001,106,945\mathrm{.}00$

Total assets $1,873,540\mathrm{.}002,084,890\mathrm{.}002,664,350\mathrm{.}90$

LIABILITIES & EQUITY

Accounts payable $163,977\mathrm{.}00233,871\mathrm{.}00$ Answer

Line of credit $--$ Answer

Notes payable & Short$-$term borrowing $84,890.0085,852.00 Step by Step Solution There are 3 Steps involved in it 1 Expert Approved Answer Step: 1 Unlock Question Has Been Solved by an Expert! Get step-by-step solutions from verified subject matter experts Step: 2 Unlock Step: 3 Unlock Students Have Also Explored These Related Finance Questions! Q: Netflix charges $ 2 0 per month and one of its pricing plans. Based on this monthly fee we have already laid out the main profit each year for an average customer in the table below. Calculate the... Q: Pre_Pain Post_Pain 8 1 10 2 6 5 8 6 8 5 7 0 8 2 7 3 6 0 9 2 9 5 9 5 8 2 6 0 6 0 8 4 7 1 8 1 7 0 9 3 How do I manually use a Wilcoxon signed ranks sum test and in SPSS to test if medication is... Q: Esther's Hypotheses 1. There are stark differences between male and female customers and operators. a. We have identified most of the difference between male and female operators (Thanks Juan).... Q: Hold Service Rating Customer Consultant Experience ID 84583 84628 84634 84666 84680 84717 84818 84913 84932 84971 85031 85070 85099 85164 85175 85279 85289 85300 85386 85486 85588 85637 85717 85785... Q: More Info required). (Record debits first, then 1. Joumalize the follow de explanations from a venue was $33.500 mill Since it sells on credit, the company cannot expect to collect 100% of its... Q: Appendix A APPENDIX A Statistical Tables 860 Table 1 Random Numbers 860 Table 2 Standard Normal Probabilities (Cumulative z Curve Areas) 862 Table 3 t Critical Values 864 Table 4 Tail Areas for t... Q: Appendix A APPENDIX A Statistical Tables 860 Table 1 Random Numbers 860 Table 2 Standard Normal Probabilities (Cumulative z Curve Areas) 862 Table 3 t Critical Values 864 Table 4 Tail Areas for t... Q: Che Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature in... Q: can someone please help me with this. the instructions for the problem is in the first screenshot. It must be done with excel formulas and cell references. File Home Insert 51 B D E all answers... Q: sheet at December 31, 2018 Data Table ation hypl Assots Amount $ Current assats Property and equiproeot, net 33,400 95,800 S 129,200 $ 37,000 Total assets Liabilities and Equity Liabilities... Q: math.com/artwort ameond:36824390 questionabledased ACCTCRN 636 Chad Speiser & 05/22/20 1:45 PM Save Homework: Module 1 Homework Chapter 13 Score: 0 of 1 pt 3 of 4 (complete HW Score: 25%, 1 of 4 pts... Q: A 3500-pF air-gap capacitor is connected to a 22-V battery. If a piece of mica is placed between the plates how much charge will flow from the battery? Q: Draw the major organic products for the reaction of 1,4-dimethylcyclohexa-1-3-diene with catalytic HBr in H2O. '123-5n,8 Q: 2 - 9 : Sunk costs are irrelevant for decision making are foregone contribution by not using a limited resource in is need - best aternative use are future costs for decision making are avoidabie... Q: 24. 6 Required information [The following information applies to the questions displayed below.] Following is information on an investment in a manufacturing machine. The machine has zero salvage... Previous Question Next Question Recommended Textbook More Books Small Business Management Launching and Growing New Ventures Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy 6th Canadian edition 176532218, 978-0176532215 Ask a Question and Get Instant Help! Services Sitemap Fun Definitions Become Tutor Used Textbooks Discount Textbooks Study Help Categories Recent Questions Expert Questions Campus Wear Sell Your Books Company Info Security Copyrights Privacy Policy Terms & Conditions SolutionInn Fee Scholarship Online Quiz Give Feedback, Get Rewards Get In Touch About Us Contact Us Career Jobs FAQ Student Discount Campus Ambassador Secure Payment Download Our App © 2026 SolutionInn. All Rights Reserved $