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Forecast the balance sheet for Lambert Co. using the following projected information ($000). Round all projections to the nearest thousand dollars. Sales $10000 Cash $500

Forecast the balance sheet for Lambert Co. using the following projected information ($000). Round all projections to the nearest thousand dollars.

Sales $10000
Cash $500
Accruals $50
Gross Margin 45%
Inventory Turns (based on COGS) 7.0
Total Asset Turnover 1.25
Current Ratio 2.0
Debt: Equity 1:3
ACP 42 days
Assets Liabilities
Cash ? A/P ?
A/R ? Accruals ?
Inventory ? C/L ?
C/A ? Debt ?
Net F/A ? Equity ?
Total Assets ? Total L&E ?

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