Homework: Chapter 4 Homework Score: 0 of 1 pt 8 of 8 (3 complete HW Score: 25%6,2 P4-19 (similar to) Questione Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.3 million. It wishes to analyre expected performance and financing needs for 2021-years ahead. Given the following information, respond to parts and b. (1) The percent of sales for items that vary directly with sales are as follows: Accounts receivable 11.7%. Inventory, 18.4% Accounts payable 130% Net profit margin, 32% (2) Marketable securities and other current are expected to remain unchanged (3) A minimum cash balance of $478,000 is desired (4) A new machine costing $152.000 wil bewoquired in 2020, and equipment costing 5848,000 wil be purchased in 2021. Total depreciation in 2020 is forecast as $287,000, and in 2021 5394,000 of depreciation will be taken Acords an expected to rise to $600.000 by the end of 2001 16) No sale or retirement of long term debt is expected (7) Nosale or repurchase of common stock is expected () The dividend payout of Sofnet profit is expected to continue Sales are expected to be $11.2 million in 2020 and 5114 million in 2021 (10) The December 31, 2018. balance sheet is here Data Table a. Prepare a proforma blance sheet dated December 31, 2021 b. Discuss the financing changes suggested by the statement prepared in part(a) Pro Formance Click on the icon here in order to copy recorders of the datatable below into a spreadsheet) Peabody & Peabody December 31, 2021 Leonard Inchiries Balance Sheet December 31, 2019 Assets Liabilities and Stockholders' Equity Assets $395.000 Accounts payable $1,400.000 Martable securities 205.000 Current Aco 396,000 Accounts receivable 1,205,000 Omer current 80.200 Inventories 1.601,000 Total current liabilities $1,876,200 $ Total current assets $3,606,000 Long term debe 2,013.800 Accounts receivable Netfased assets 4.002.000 3.718 000 Common stock Total abilities and Inventories $ Total assets 57.608 000 stockholders' equity $7 608 000 Total current sets 5 Net fixed assets 5 Done Total assets $ $ Print Enter any number in the edit fields and then click Check Answer Homework: Chapter 4 Homework Score: 0 of 1 pt 8 of 8 (3 complete HW Score: 25%6,2 P4-19 (similar to) Questione Pro forma balance sheet Peabody & Peabody has 2019 sales of $10.3 million. It wishes to analyre expected performance and financing needs for 2021-years ahead. Given the following information, respond to parts and b. (1) The percent of sales for items that vary directly with sales are as follows: Accounts receivable 11.7%. Inventory, 18.4% Accounts payable 130% Net profit margin, 32% (2) Marketable securities and other current are expected to remain unchanged (3) A minimum cash balance of $478,000 is desired (4) A new machine costing $152.000 wil bewoquired in 2020, and equipment costing 5848,000 wil be purchased in 2021. Total depreciation in 2020 is forecast as $287,000, and in 2021 5394,000 of depreciation will be taken Acords an expected to rise to $600.000 by the end of 2001 16) No sale or retirement of long term debt is expected (7) Nosale or repurchase of common stock is expected () The dividend payout of Sofnet profit is expected to continue Sales are expected to be $11.2 million in 2020 and 5114 million in 2021 (10) The December 31, 2018. balance sheet is here Data Table a. Prepare a proforma blance sheet dated December 31, 2021 b. Discuss the financing changes suggested by the statement prepared in part(a) Pro Formance Click on the icon here in order to copy recorders of the datatable below into a spreadsheet) Peabody & Peabody December 31, 2021 Leonard Inchiries Balance Sheet December 31, 2019 Assets Liabilities and Stockholders' Equity Assets $395.000 Accounts payable $1,400.000 Martable securities 205.000 Current Aco 396,000 Accounts receivable 1,205,000 Omer current 80.200 Inventories 1.601,000 Total current liabilities $1,876,200 $ Total current assets $3,606,000 Long term debe 2,013.800 Accounts receivable Netfased assets 4.002.000 3.718 000 Common stock Total abilities and Inventories $ Total assets 57.608 000 stockholders' equity $7 608 000 Total current sets 5 Net fixed assets 5 Done Total assets $ $ Print Enter any number in the edit fields and then click Check
