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( Financial forecasting ) Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has only been in business for one year,
Financial forecasting Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has only been in business for one year, but its CFO Financial forecasting Zapatera Enterprises is evaluating its financing requirements for the coming year. The firm has only been in business for one year, but its CFO
predicts that the firm's operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales.
Last year Zapatera had $ million in sales with net income of $ million. The firm anticipates that next year's sales will reach $ million with net income rising to
$ million. Given its present high rate of growth, the firm retains all of its earnings to help defray the cost of new investments.
The firm's balance sheet for the year just ended is as follows:
Estimate Zapatera's total financing requirements total assets and its net funding requirements discretionary financing needed for Note: Use the percentage of sales
given in Zapatera Enterprises' balance sheet for
Hint: Make sure to round all intermediate calculations to at least five decimal places.
Accounts payable
$
Longterm debt
Total liabilities
Common stock
$
Paidin capital
Retained earnings
Common equity
$
Total
$ Data table
predicts that the firm's operating expenses, current assets, net fixed assets, and current liabilities will remain at their current proportion of sales.
Last year Zapatera had $ million in sales with net income of $ million. The firm anticipates that next year's sales will reach $ million with net income rising to
$ million. Given its present high rate of growth, the firm retains all of its earnings to help defray the cost of new investments.
The firm's balance sheet for the year just ended is as follows:
Estimate Zapatera's total financing requirements total assets and its net funding requirements discretionary financing needed for Note: Use the percentage of sales
given in Zapatera Enterprises' balance sheet for
Hint: Make sure to round all intermediate calculations to at least five decimal places.
The retained earnings are $Round to the nearest dollar.
Complete the pro forma balance sheet for below: Round to the nearest dollar.
Zapatera Enterprises, Inc.
Liabilities and Owners' Equity
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