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Could someone help me with the cells I got wrong? The following information applies to the questions displayed below. We really need to get this
Could someone help me with the cells I got wrong?
The following information applies to the questions displayed below. "We really need to get this new material-handling equipment in operation just after the new year begins. I hope we can finance it largely with cash and marketable securities, but if necessary we can get a short-term loan down at MetroBank." This statement by Beth Davies-Lowry, president of Intercoastal Electronics Company, concluded a meeting she had called with the firm's top management. Intercoastal is a small, rapidly growing wholesaler of consumer electronic products. The firm's main product lines are small kitchen appliances and power tools. Marcia Wilcox, Intercoastal's General Manager of Marketing, has recently completed a sales forecast. She believes the company's sales during the first quarter of 20x1 will increase by 10 percent each month over the previous month's sales. Then Wilcox expects sales to remain constant for several months. Intercoastal's projected balance sheet as of December 31, 20xO, is as follows: $ 40,000 315,000 25,000 192,500 549,000 $1,121,500 $ 220,500 6,250 6,000 150,000 500,000 238,750 $1,121,500 Cash Accounts receivable Marketable securities Inventory Buildings and equipment (net of accumulated depreciation) Total assets Accounts payable Bond interest payable Property taxes payable Bonds payable (10%; due in 20x6) Common stock Retained earnings Total liabilities and stockholders' equityStep by Step Solution
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