Question
Excel Project Instructions Assume ABC Company has asked you to not only prepare their 2013 year-end Balance Sheet but to also provide pro-forma financial statements
Excel Project Instructions
Assume ABC Company has asked you to not only prepare their 2013 year-end Balance Sheet but to also provide pro-forma financial statements for 2014. In addition, they have asked you to evaluate their company based on the pro-forma statements with regard to ratios. They also want you to evaluate 3 projects they are considering. Their information is as follows:
End of the year information:
Account | 12/31/13 Ending Balance |
Cash | 160,000 |
Accounts Receivable | 126,000 |
Inventory | 75,200 |
Equipment | 745,000 |
Accumulated Depreciation | 292,460 |
Accounts Payable | 36,900 |
Short-term Notes Payable | 18,300 |
Long-term Notes Payable | 157,225 |
Common Stock | 450,000 |
Retained Earnings | solve |
Additional Information:
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