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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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