Using the information given below, prepare a pro-forma balance sheet for the year ending 2006 for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Using the information given below, prepare a pro-forma balance sheet for the year ending 2006 for BAIZURA AND ANUAR Sdn Bhd. iv. V. Cash Account Receivable Inventories Fixed Assets Pattern Goodwill BAIZURA & ANUAR Sdn Bhd Balance Sheet as at 31 December 2005 (RM) Total Assets 2,780 3,600 5,700 12,000 2,000 800 Notes Payable Trade Creditors Account Payable Accruals Long Term Debt Common Shares Retained earnings 26,880 Total Liabilities and Equities Sales for 2005 were RM10,000 and it was expected to increase 50% in year 2006 Net income for 2005 was RM6,000 Dividend for shareholders in 2005 amounted to RM2,820 BAIZURA and ANUAR Sdn. Bhd is operating at full capacity All external financing are absorbed and met by long-term debt 5,780 1,000 3,220 3,200 4,330 5,500 3,850 26,880 (10 marks) Using the information given below, prepare a pro-forma balance sheet for the year ending 2006 for BAIZURA AND ANUAR Sdn Bhd. iv. V. Cash Account Receivable Inventories Fixed Assets Pattern Goodwill BAIZURA & ANUAR Sdn Bhd Balance Sheet as at 31 December 2005 (RM) Total Assets 2,780 3,600 5,700 12,000 2,000 800 Notes Payable Trade Creditors Account Payable Accruals Long Term Debt Common Shares Retained earnings 26,880 Total Liabilities and Equities Sales for 2005 were RM10,000 and it was expected to increase 50% in year 2006 Net income for 2005 was RM6,000 Dividend for shareholders in 2005 amounted to RM2,820 BAIZURA and ANUAR Sdn. Bhd is operating at full capacity All external financing are absorbed and met by long-term debt 5,780 1,000 3,220 3,200 4,330 5,500 3,850 26,880 (10 marks)
Expert Answer:
Answer rating: 100% (QA)
To prepare a proforma balance sheet for BAIZURA ANUAR Sdn Bhd for the year ending 2006 taking into a... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
Students also viewed these accounting questions
-
Mercury Company has only one inventory pool. On December 31, 2024, Mercury adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO method was $200,000....
-
A 1.700 kg bead slides on a curved wire, starting from rest at point A in Figure P5.28. If the wire is frictionless, find each of the following. 5.00 m Figure P5.28 B 2.00 m (a) the speed of the bead...
-
1. Based on the forecasts above, use the spreadsheet below to construct a pro forma income statement for Idexo over the next five years. What is the annual growth rate of the firm's net income over...
-
You own 100 shares of Target, Inc., whose current stock price is $14 per share (which correctly reflects the firm's stand-alone value). Target has 100M shares outstanding. Raider, Inc. has just made...
-
Production costs chargeable to the Finishing Department in May at Kim Company are materials $8,000, labor $20,000, overhead $18,000, and transferred-in costs $67,000. Equivalent units of production...
-
According to Hypothesis 2, most of the matter composing the asteroids in the belt came from: F. Earths Moon. G. A partially formed planet between Mars and Jupiter. H. The same material that composes...
-
Reconsider Problem 56. Determine which oven should be purchased based on an incremental annual worth analysis. Data from problem 56 Octavia Bakery is planning to purchase one of two ovens. The...
-
Truck drivers working for Juhn and Sons (Problems 13-19 and 13-20) are paid a salary of $10 per hour on average. Fruit loaders receive about $6 per hour. Truck drivers waiting in the queue or at the...
-
10. Label and explain in details the following diagram A 12. 1 Give three functions of E. Zinc E B + C D Copper 13. Give an ideal principle of predicting a performance of a fuel cell and give an...
-
Cost Estimation at Global Green Books Publishing Global Green Books Publishing is continuing to produce customized eBooks as a key new product line for it as a successful printing and publishing...
-
Jasper Company has variable costs per unit of $20, fixed costs of $300,000, and a break-even point of 60,000 units. What will be the new break-even point in units if variable costs decrease by $3 per...
-
fresh from graduatiing from the university of oklahoma in the spring of 2023, Joana is now considering investing 4,000 a year in Roth 401(l) retirement account she recently opened with Morgan...
-
suppose you work for apple, inc. an American multinational technology company headquartered in Cupertino, California, as a financial analyst. You are provided with informaiton about three different...
-
If Superman travels at half the speed of light, 0.5c, how tall in meters will he be? Report your answer to 2 decimal places. m How much mass in kilograms will he have? Round your answer to the...
-
Lenovo Computers has a debt-to-equity ratio of 3, and they are paying an interest rate of 6%. The tax rate is 15%. The Weighted Average Cost of Capital is 10.8% 1. What is the cost of equity capital...
-
Internalize a situation where you are invited as a guest of honor for a ceremony. Kindly pen one among the three discussed genres of a message. It can be an informative message, Persuasive message or...
-
Let Z[] be the following set of rational numbers { a Z, k N} (and recall that N = {0, 1, 2,...} in this class). Let the addition and multiplication for Z[] be the usual addition and multiplication...
-
Splitting hairs, if you shine a beam of colored light to a friend above in a high tower, will the color of light your friend receives be the same color you send? Explain.
-
Northwest Airlines leases aircraft used in its operations. Information taken from its financial statements and notes for Year 3 and Year 4 follows (amounts in millions): Notes to the Financial...
-
Exhibit 7.14 presents selected financial statement data for three chemical companies: New Market Corporation (recently formed from a merger of Ethyl Corporation and Afton Chemical Corporation),...
-
Required a. Compute Altman's Z-score for Old America Stores and Levitz Furniture for fiscal Year 6 and Year 7. b. How did the bankruptcy risk of Old America Stores change between fiscal Year 6 and...
-
Which of the following statements about Islamic banking is not true? a. Interest (known as Riba) is prohibited. b. Conventional interest is considered by scholars to result in inequality and...
-
Which of the following statements is true? a. Murabaha, an equity instrument, is a sales contract in which the asset is sold by the bank to the customer at costplus- profit. b. Salam is a forward...
-
The relationship between an Islamic bank and its customers is that of a: a. Partner/investor b. Buyer and seller c. Lessor/lessee d. All of the above
Study smarter with the SolutionInn App