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1) Randy & Whiskers Enterprises has 2022 sales of $15.5 million.It wishes to analyze expected performance and financing needs for 2023 2023 and so
1) Randy & Whiskers Enterprises has 2022 sales of $15.5 million.It wishes to analyze expected performance and financing needs for 2023 2023 and so the finance department of the company complied the following proforma balance sheet: Assets Cash Marketable Securuties Accounts receivable Inventories Total current assets Net fixed asstets Total assets. $520 350 1,725 2,645 $ 5,240 5,815 $ 11,055 Current Liabilities Accounts payble Accruals Other current liabilities Total current liabilities Long-term debts Total Liabilities Common Stock Retained earnings Total liabilities & stockholders equity. $ 2,057 660 150 $ 2,867 2,000 $4,867 $5,830 150 $ 10,847 Calculate the external financing needed or excess financing by using the proforma balance sheet given above and discuss what the company can plan by using this information ? wwwww
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The proforma balance sheet provided presents the anticipated financial position of Randy Whiskers Enterprises To analyze the external financing needed ...Get Instant Access to Expert-Tailored Solutions
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