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( 1 ) The percents of sales for items that vary directly with sales are as follows: Accounts receivable; 1 2 . 2 % ,
The percents of sales for items that vary directly with sales are as follows: Accounts receivable; Inventory; ; Accounts payable, ; Net profit margin, Marketable securities and other current liabilities will remain unchanged. Peabody desires a minimum cash balance of $ A new machine costing $ will be acquired in and equipment costing $ will be purchased in Total depreciation in is forecast as $ and in $ of depreciation will be taken. Accruals will rise to $ by the end of There will be no sale or retirement of longterm debt. No sale or repurchase of common stock is expected. The dividend payout of of net profits will continue The sales forecast predicts $ million in and $ million in The December balance sheet is here a Prepare a pro forma balance sheet dated December b Discuss the financing changes suggested by the statement prepared in part a a Prepare a pro forma balance sheet dated December Complete the assets part of the pro forma balance sheet for Peabody & Peabody for December below: Round to the nearest dollar. Pro Forma Balance Sheet Peabody & Peabody December Assets Current assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Data table
The percents of sales for items that vary directly with sales are as follows: Accounts receivable; Inventory; ; Accounts payable, ; Net profit margin,
Marketable securities and other current liabilities will remain unchanged.
Peabody desires a minimum cash balance of $
A new machine costing $ will be acquired in and equipment costing $ will be purchased in Total depreciation in is forecast as $ and in $ of depreciation will be taken.
Accruals will rise to $ by the end of
There will be no sale or retirement of longterm debt.
No sale or repurchase of common stock is expected.
The dividend payout of of net profits will continue
The sales forecast predicts $ million in and $ million in
The December balance sheet is here
a Prepare a pro forma balance sheet dated December
b Discuss the financing changes suggested by the statement prepared in part a
a Prepare a pro forma balance sheet dated December
Complete the assets part of the pro forma balance sheet for Peabody & Peabody for December below: Round to the nearest dollar.
Pro Forma Balance Sheet
Peabody & Peabody
December
Assets
Current assets
Cash
Marketable securities
Accounts receivable
Inventories
Total current assets
Net fixed assets
Total assets
Data table
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