Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with making a summary of this pro forma balance sheet: Pro-Forma Balance Sheet The Sweet Password ASSETS 2021 2022 2023 2024 2025

I need help with making a summary of this pro forma balance sheet:

image text in transcribed
Pro-Forma Balance Sheet The Sweet Password ASSETS 2021 2022 2023 2024 2025 Current Assets Cash $12,256.000 $12 256,000 $12,256.000 $12.256,000 $12,256,000 Net accounts receivable $4.875.000 $5.622.500 $6,480.750 $7.466.225 $8,597.858 Inventory $8,065.000 $8.065,000 $8,065.000 $8,065.000 $8,065,000 Temporary investment $12 $12 $12 $12 $12 Prepaid expenses $2 $2 $2 $2 $2 Total Current Assets $25, 196 014 $25,943,514 $26,801,764 $27,787,239 $28,918,872 Fixed Assets Long-term investments $42 $43 $43 $46 $46 Land $656 $656 $684 $727 $770 Buildings (net of depreciation) $903 $928 $983 $1.021 $1,059 Plant & equipment (net) $608 $631 $642 $654 $660 Furniture & fixtures (net) $61 $65 $68 $72 $76 Total Net Fixed Assets $2.270 $2,323 $2.420 $2.520 $2.611 TOTAL ASSETS $25,198.284 $25.945,837 $26,804.184 $27.789.759 $17,769,334 LIABILITIES Current Liabilities Accounts payable $246 $252 $258 $277 $280 Short-term notes $24 $25 $26 $28 $30 Current portion of long-term notes $14 $14 $14 $15 $15 Accruals & other payables $14 $14 $14 $14 $14 Total Current Liabilities $298 $305 $312 $334 $339 Long-term Liabilities Mortgage $897 $931 $978 $1,021 $1,064 Other long-term liabilities $443 5485 $527 $576 $625 Total Long-term Liabilities $1.340 $1,416 $1.505 $1.597 $1.689 SHAREHOLDERS' EQUITY Capital stock $300 5300 $300 $300 $300 Retained earnings $25,196.346 $25.943,816 $26,802.067 $27,787,528 $17,766,989 Total Shareholders' Equity $25,196.646 $25,944,116 $26,802,367 $27,787,828 $17,767,289 TOTAL LIABILITIES & EQUITY $25, 198 284 $25,945,837 $26,804,184 $27,789,759 $17.778,334

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

Managerial Accounting

Authors: Sivaramakrishna, Ramji Balakrishnan

1st Edition

0471467855, 978-0471467854

More Books

Students also viewed these Accounting questions

Question

Where do the authors work?

Answered: 1 week ago

Question

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago