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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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