Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fiaaning Defre Income Statement fer December 3, 201 14,000.000 200.000 100,00 KAIT te 120.000 10,000 Preg T 170,000 Net 110,000 LIOR Balance Sheet of December

image text in transcribed
image text in transcribed
image text in transcribed
Fiaaning Defre Income Statement fer December 3, 201 14,000.000 200.000 100,00 KAIT te 120.000 10,000 Preg T 170,000 Net 110,000 LIOR Balance Sheet of December 31, 2019 Cask $100,000 A Exc TCA Food T Seppoon that 2020 sales $224.000 Foncast the A operated 19% Newing will be with len of ande Awill be a Cash don eary at income Enter de calculations Rond your w Garlington Terkelagies Inc. Pre Farms arome Statement Dec 31,282 Sale Ope IBIT des belove 13000 300,000 Land 130,000 A 200 000 5000 $340,000 TC 4000,000 Long bod 1,000,000 134000 Cam d 1,300,000 KE 230,000 Ta li 12000 ng the Secasted Bosscal method pevala De to 544 1 capacity in 2019. The long hoods have Teem (19% Ato Til 777777 Garlington Thalgies Inn, ProForm Bl Dec 31, 18 Fa T Lase of crede Ar Tod l LT C TLA 1 - Financing Deficit Gurlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200.000 EBIT $300,000 Inst 120,000 Pre-tex easines 1.680.000 Tax(25%) 170,000 Net income $10,000 Dividends $100.000 Balance Sheet ai of December 31, 2019 Cali $ 160,000 Accounts payable $360,000 Receivables 0 360.000 Line of cred 320,000 Accruals Inventores 200,000 Total CA $1,240,000 Total CL 5560,000 Faxed amets 4,000,000 Long-term bonds 1,000,000 Total Assets $5,200,000 Common rock 1,100,000 RE 2,380,000 Total LAE $5,340,000 Suppose that in 2020 sa increase to urthed rate of crease to 544 million and that 2020 dividends will $224 000. Forecast the financial stateanots suring the freecasted financial statem Aase the firm operated at full capacity in 2009 The long-term bonda 13% New financing will be with a line of credit Ae it will be added at the end of the Cash does not earn any interest incoese Enter your answees as positive values. Do not sound intermediate calculations. Round your ans to the newest dollar Carlington Technologies In Pro Forma Income Statement December 31, 2020 Saire S Operat EDIT edictions: On LLL 5 S Accessibility: Investigate * Parag 40 I " 144 Interest Pre-tax es Taxes (25%) Net income Dividends Addition to RE Garlington Technologies Inc. Pre Forms Balance Statement December 31, 2020 S Cash Receivables Investies Total curent assets Fond st Total Accounts payable Line of cred Aconada Tablour Sabilities LT lood Common dock Retained in ToLAE DII S S 2 fo DDI (Ctr) fu from Focus 112 Fiaaning Defre Income Statement fer December 3, 201 14,000.000 200.000 100,00 KAIT te 120.000 10,000 Preg T 170,000 Net 110,000 LIOR Balance Sheet of December 31, 2019 Cask $100,000 A Exc TCA Food T Seppoon that 2020 sales $224.000 Foncast the A operated 19% Newing will be with len of ande Awill be a Cash don eary at income Enter de calculations Rond your w Garlington Terkelagies Inc. Pre Farms arome Statement Dec 31,282 Sale Ope IBIT des belove 13000 300,000 Land 130,000 A 200 000 5000 $340,000 TC 4000,000 Long bod 1,000,000 134000 Cam d 1,300,000 KE 230,000 Ta li 12000 ng the Secasted Bosscal method pevala De to 544 1 capacity in 2019. The long hoods have Teem (19% Ato Til 777777 Garlington Thalgies Inn, ProForm Bl Dec 31, 18 Fa T Lase of crede Ar Tod l LT C TLA 1 - Financing Deficit Gurlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200.000 EBIT $300,000 Inst 120,000 Pre-tex easines 1.680.000 Tax(25%) 170,000 Net income $10,000 Dividends $100.000 Balance Sheet ai of December 31, 2019 Cali $ 160,000 Accounts payable $360,000 Receivables 0 360.000 Line of cred 320,000 Accruals Inventores 200,000 Total CA $1,240,000 Total CL 5560,000 Faxed amets 4,000,000 Long-term bonds 1,000,000 Total Assets $5,200,000 Common rock 1,100,000 RE 2,380,000 Total LAE $5,340,000 Suppose that in 2020 sa increase to urthed rate of crease to 544 million and that 2020 dividends will $224 000. Forecast the financial stateanots suring the freecasted financial statem Aase the firm operated at full capacity in 2009 The long-term bonda 13% New financing will be with a line of credit Ae it will be added at the end of the Cash does not earn any interest incoese Enter your answees as positive values. Do not sound intermediate calculations. Round your ans to the newest dollar Carlington Technologies In Pro Forma Income Statement December 31, 2020 Saire S Operat EDIT edictions: On LLL 5 S Accessibility: Investigate * Parag 40 I " 144 Interest Pre-tax es Taxes (25%) Net income Dividends Addition to RE Garlington Technologies Inc. Pre Forms Balance Statement December 31, 2020 S Cash Receivables Investies Total curent assets Fond st Total Accounts payable Line of cred Aconada Tablour Sabilities LT lood Common dock Retained in ToLAE DII S S 2 fo DDI (Ctr) fu from Focus 112

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Research In Finance Volume 24

Authors: Andrew H. Chen

1st Edition

0762313773, 978-0762313778

More Books

Students also viewed these Finance questions

Question

Carry out an interview and review its success.

Answered: 1 week ago