Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ASSETS Current assets Cash $ $ $ 5,624,000 3,209,000 8,833,000 $ $ $ Marketable securities Accounts receivable Inventories Total current assets Long-term assets Plant, property,
ASSETS Current assets Cash $ $ $ 5,624,000 3,209,000 8,833,000 $ $ $ Marketable securities Accounts receivable Inventories Total current assets Long-term assets Plant, property, and equipment Goodwill Intangible assets Total long-term assets LIABILITIES Current liabilities 2,449,000 Accounts payable 1,630,000 Other current liabilities 2,763,000 Total current liabilities 1,687,000 Long-term liabilities 8,529,000 Long-term debt Other long-term liabilities 13,671,000 Total long-term liabilities 1,469,000 Total liabilities 6,418,000 OWNERS' EQUITY 21,558,000 Common stock Retained earnings Total owners' equity TOTAL LIABILITIES AND 30,087,000 OWNERS' EQUITY $ $ $ $ 1,340,000 2,812,000 4,152,000 12,985,000 $ $ $ $ $ CA $ $ 6,827,000 10,275,000 17,102,000 $ $ TOTAL ASSETS $ 30,087,000 Complete the pro-forma balance sheet for 2014 below: (Round to the nearest dollar.) National Beverage Company Pro Forma Balance Sheet for the Year Ending December 31, 2014 LIABILITIES ASSETS Current assets Cash $ $ $ Marketable securities Accounts receivable Inventories Total current assets Long-term assets Plant, property, and equipment Goodwill $ $ $ Current liabilities Accounts payable Other current liabilities Total current liabilities Long-term liabilities Long-term debt Other long-term liabilities Total long-term liabilities Total liabilities $ $ $ $ GA Intangible assets OWNERS' EQUITY Total long-term assets Common stock $ Total long-term assets $ Common stock $ $ Retained earnings Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY TOTAL ASSETS $ How much additional debt will be estimated using this pro forma balance sheet? (Round to the nearest dollar.) Enter any number in the edit fields and then continue to the next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started