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Need help solving LT Debt and Equity Please use the following projections for Top-A1 Inc: - Total sales of $145,000 - Cost of goods sold
Need help solving LT Debt and Equity
Please use the following projections for Top-A1 Inc: - Total sales of $145,000 - Cost of goods sold equal to 75.6 percent of sales - Total expenses equal to 14 percent of sales - Tax rate of 35 percent - Beginning equity of $45,900 - Beginning inventory of $12,100 - Age of ending inventory of 58 days - Minimum cash balance of $9,700 - Accounts receivable of 32 days - Fixed assets of $55,200 - Accounts payable of 35 days Assume Ton-A1 has a dividend navout of 40 nerceent Complete the pro-forma balance sheet below: (Round to the nearest dollar.)
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