NOTE: LOOK AT i. DATA TABLE FOR INFORMATION

EXTRA QUESTION TO ANSWER:

How much additional debt will be estimated using this pro forma balance sheet?

OLIVITI DOVrayolparty A A A > A Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,056,000 with a plant expansion. The inventories will grow by 30%, accounts receivable will grow by 19%, and marketable securities will be reduced by 45% to help finance the expansion. Assume all other asset accounts will remain the same and the company will use long-term debt to finance the remaining expansion costs (no change in common stock or retained earnings). Using this information and the balance sheet in the popup window, 2, for National Beverage Company for 2013, prepare a pro forma balance sheet for 2014. How much additional debt will the company need using this pro forma balance sheet? i Data Table Pro Forma Balance Sheet for the Year Ending December 31, 2014 ASSETS LIABILITIES Current assets Current liabilities National Beverage Company Cash Accounts payable Balance Sheet for the Year Ending December 31, 2013 Marketable securities Other current liabilities ASSETS LIABILITIES Accounts receivable Total current liabilities Current assets Current liabilities Inventories Long-term liabilities Cash 2,448,000 Accounts payable 5,622,000 Total current assets Long-term debt Marketable securities 1,675,000 Other current liabilities 3,297,000 Long-term assets Other long-term liabilities Accounts receivable 2,799,000 Total current liabilities 8,919,000 Plant, property, and equipment Total long-term liabilities Inventories 1,633,000 Long-term liabilities Goodwill Total liabilities Total current assets 8,555,000 Long-term debt 1,306,000 Intangible assets OWNERS' EQUITY Long-term assets Other long-term liabilities 2,887,000 Total long-term assets Common stock Plant, property, and equipment 13,629,000 Total long-term liabilities 4,193,000 Retained earnings Goodwill 1,430,000 Total liabilities 13,112,000 Total owners' equity Intangible assets 6,485,000 OWNERS' EQUITY TOTAL LIABILITIES AND Total long-term assets 21,544,000 Common stock 6,839,000 TOTAL ASSETS OWNERS' EQUITY Retained earnings 10,148,000 Total owners' equity 16,987,000 Enter any number in the edit fields and then click Check Answer. TOTAL LIABILITIES AND TOTAL ASSETS 30,099,000 OWNERS' EQUITY $ 30,099,000 > > $ 1 remaining