Assignment 16- Financial Planning and Forecasting Due on Aug 16 at 11 PM CDT Bohemian Manufacturing Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents Accounts receivable Inventories 150,000 Accounts payable 400,000 Accrued liabilities 350,000 Notes payable $250,000 150,000 100,000 $500,000 1,000,000 $1,500,000 Total Current Assets $900,000 Total Current Liabilities Net Fixed Assets: Long-Term Bonds Net plant and equipment (cost minus depreciation) $2,100,000 Total Debt Common Equity 800,000 700,000 $1,500,000 $3,000,000 Common stock Retained earnings Total Common Equity Total Liabilities and Equity Total Assets $3,000,000 The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Bohemian Manufacturing Company generated $400,000 net income on sales of $14,500,000. The firm expects sales to increase by 15% this coming year and also expects to maintain its long-run dividend payout ratio of 45%.Assignment 16- Financial Planning and Forecasting Due on Aug 16 at 11 PM CDT Bohemian Manufacturing Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents Accounts receivable Inventories 150,000 Accounts payable 400,000 Accrued liabilities 350,000 Notes payable $250,000 150,000 100,000 $500,000 1,000,000 $1,500,000 Total Current Assets $900,000 Total Current Liabilities Net Fixed Assets: Long-Term Bonds Net plant and equipment (cost minus depreciation) $2,100,000 Total Debt Common Equity 800,000 700,000 $1,500,000 $3,000,000 Common stock Retained earnings Total Common Equity Total Liabilities and Equity Total Assets $3,000,000 The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Bohemian Manufacturing Company generated $400,000 net income on sales of $14,500,000. The firm expects sales to increase by 15% this coming year and also expects to maintain its long-run dividend payout ratio of 45%.sLauehB/ul/index.htmi?nbld-582489&nbNodeld-211729348&deploymentld-55165128941096821358863938el 5% MINDTAP ~ horn Cengage Assignment 15 - Working Capital Management Due on Aug 16 at 11 PM CDT Water and Power Co.'s CFO has decided to take a closer look at the company's credit policy. Water and analyzing the firm's credit policy is to determine its days sales outstanding (DSO). Based on this information, what is Power Co. has llion, and it currently has an accounts receivable balance of $47.1 million. The first step in Water and Power Co.'s DSO? (Use 365 days as the length of a year in all calculations.) O 39.1 days O 45.6 days O 43.4 days O 47.7 days The average DSO for Water and Power Co.'s industry is 53.9 days. Assuming that its sales stayed the same, what would be Water and Power Co.'s receivables balance if it maintained the industry average DSO? O $55,595,983 O $58,522,087 O $49,743,774 O $52,669,878 Water and Power Co.'s CFO thinks that the company has not done a very good job of enforcing its credit policy. The CFO believes that if the company were to better enforce its credit policy, it would reduce its DSO to 30 days; however, this will cause Water and Power Co. to lose 3% of its sales revenue. Determine what water and Power Co.'s expected accounts receivables balance would be if it decides to tighten its credit policy. O $26,856,09o O $30,015,630