MGT3310XA Fundamentals of Financial Management- SUM 2017 Quiz Week 2 Quiz 7 pls 120f 1s(9 complete) | Table 4.5 A financial manager at General Talc Mines has gathered the financial data essential to prepare a pro forma balance sheet for cash and profit planning purposes for the coming year ended December 31, 2015. Using the percent-of-sales method and the following financial data, prepare the pro forma balance sheet in order to answer the tollowing multiple choice questions. (a) The firm estimates sales of $1,000,000. (b) The firm maintains a cash balance of $25,000. (c) Accounts receivable represents 15 percent of sales. (d) Inventory represents 35 percent of sales (e) A new piece of mining equipment costing $150,000 will be purchased in 2010. Total depreciation for 2010 will be $75,000. () Accounts payable represents 10 percent of sales (g) There will be no change in notes payable, accruals, and common stock. (h) The firm plans to retire a long term note of $100,000. n Dinidande of S45 000 wrill ho O B. S195.000 O C. $240,000 O D. $230,000 Click to select your