Question
1. (Pro Formas) Consider the following simplified financial statements for the Mare Undis Sol Corporation. Mare Undis Sol Income Statement 2020 (In milion rupiahs) Sales
1. (Pro Formas)
Consider the following simplified financial statements for the Mare Undis Sol Corporation.
Mare Undis Sol Income Statement 2020 | |
(In milion rupiahs) | |
Sales | 432,000.00 |
Cost of Goods Sold | 302,400.00 |
Gross Profit | 129,600.00 |
Overheads | 72,144.00 |
Depreciation | 15,000.00 |
Earnings before Interest & taxes | 42,456.00 |
Interest | 22,500.00 |
Earnings before taxes | 19,956.00 |
Taxes | 6,996.00 |
Net Income | 12,960.00 |
Mare Undis Sol Balance Sheet 2020 | |||
(In milion rupiahs) | |||
Cash | 13,774.20 | Account Payable | 25,200.00 |
Accounts Receivable | 1,944.00 | Short-term Debt | - |
Inventory | 60,900.00 | ||
Total Current Assets | 76,618.20 | Total Current Liabilities | 25,200.00 |
Long Term Debts | 162,300.00 | ||
Net Fixed Assets | 197,281.80 | Total Liabilities | 187,500.00 |
Equity | 86,400.00 | ||
Total Assets | 273,900.00 | Liabilities & Owner's Equity | 273,900.00 |
From historical data we have information that sales growth for approximately 8%
a. prepare the pro forma statements 2021 for the Junita Mare Undis Sol Corporation?
b. What is the external financing needed?
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