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can you explain and find the right pro forma statement for the following. 13. (23 points) Annual Balance Sheet and Income Statement of Boulder Inc.
can you explain and find the right pro forma statement for the following.
13. (23 points) Annual Balance Sheet and Income Statement of Boulder Inc. are provided below (as of Dec 31st 2022). Company would like to grow its sales by 0% from 2022 to 2023. Given the following conditions, produce Boulder's pro-forma statements. Assume (for ease of calculation) no depreciation. 1242D=1.4D=1.41242=173.80CL=173%.501200=5388 Assumining that Acownts Parable and Notes Payable went douk the same amount, since nointo vas provided. 1. Inventory Turnover to stay the same. 2. Receivables Tumover to stay the same, 3. Now D/E ratio = 1.4 4. Interest rate is 10% of the Long Term Debt, tax rate is 20%, retention ratio 1/2. 5. No new stock sale or stock repurchase, no long term principal debt payment Step by Step Solution
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