PLEASE HELP my assignment is due in a few hours & I'm super stuck in all of it. :( here are the " SELECT QS" too!!!

- the projected SELECT ONE: excess funds// funds needed is $_____

A: The forecasted current ratio is _____ . Since it is SELECT ONE : less than//equal to// greater than 2:1, the firm SELECT ONE: can//cannot renew the short-term bank loan.

B: The management will have SELECT ONE: sufficient //insufficient funds to retire the entire amount of long-term debt.

C: The total amount raised (including dividends and marketable securities) is $ ____ and it would be SELECT ONE: sufficient //insufficient to retire the long-term debt.

According to the previous answers, the management should SELECT ONE :

1) Renew the short term bank loan

OR 2) Retire the short term bank loan

OR 3) Retire the long term debt

Thank you in advance, ill leave a good review!

Search this course Ch 23: End-of-Chapter Problems - Forecasting 0 x Problem 23-08 BHM, Inc. has the following balance sheet: 900 BHM, Incorporated Balance Sheet as of 12/31/X0 Assets Llabilities and Equity Cash Accounts payable $ 14,900 Marketable securities 1,500 Accruals 4,100 Accounts receivable 16,910 Bank loan payable 4,600 Inventory 18,010 Long-term debt 16,496 Plant and equipment 26,276 Common stock 10,000 Retained earnings 13,500 $ 63,596 $ 63,596 Sales are currently $100,000 but are expected to fall to $70,000, which will require a contraction of assets. Since the firm is contracting, management would like to retire the long-term debt; however, the terms of the issue do not permit a partial repayment. Management would like to retain the short-term bank loan, but the bank will not renew the loan if the renewal results in the firm having a current ratio of less than 2:1. Since the firm is contracting, management would like to increase the marketable securities by $900 to meet emergencies. However, if the firm needs funds to retire debt, management is willing to liquidate! all the marketable securities. The firm's historical profit margin on sales of 8 percent and the firm's policy of distributing 40 percent of earnings will be maintained. To help forecast the firm's future financial position, fill in all the anticipated entries in the following balance sheet using the percentage of sales applied to accounts receivable, inventory, accounts payable, and accruals prior to any change in the firm's debt structure. Some of the numbers have been provided, and since the entries are anticipated, the sum of the two sides need not be balanced. Do not round intermediate calculations. Round your answers to the nearest dollar. Enter your answers as positive values. 900 10,430 BHM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable Inventory Long-term debt Plant and equipment Common stock Retained earnings 3: End-of-Chapter Problems - Forecasting The projected Select amount is $ a. Can the firm retain the short-term bank loan? Round your answer to two decimal places. . Since it is -Select- 22:1, the firm -Select- 7 renew the short-term bank loan. The forecasted current ratio is b. Can the firm retire the long-term debt? The management will have Select funds to retire the entire amount of long-term debt. c. If the firm distributed no dividends and retained all of its earnings, could the firm retire the long-term debt? Round your answers to the nearest dollar. The total amount raised (including dividends and marketable securities) is $ and it would be -Select- 7 to retire the long-term debt. According to the previous answers, the management should -Select- Construct a new pro forma balance sheet that incorporates all the anticipated changes in the assets, liabilities, and equity assuming that the firm pays the dividend. If the firm has excess cash, add it to the existing cash. Round your answers to the nearest dollar. If the answer is zero, enter "0". BHM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Cash Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable Inventory Long-term debt Plant and equipment Common stock Retained earnings Search this course Ch 23: End-of-Chapter Problems - Forecasting 0 x Problem 23-08 BHM, Inc. has the following balance sheet: 900 BHM, Incorporated Balance Sheet as of 12/31/X0 Assets Llabilities and Equity Cash Accounts payable $ 14,900 Marketable securities 1,500 Accruals 4,100 Accounts receivable 16,910 Bank loan payable 4,600 Inventory 18,010 Long-term debt 16,496 Plant and equipment 26,276 Common stock 10,000 Retained earnings 13,500 $ 63,596 $ 63,596 Sales are currently $100,000 but are expected to fall to $70,000, which will require a contraction of assets. Since the firm is contracting, management would like to retire the long-term debt; however, the terms of the issue do not permit a partial repayment. Management would like to retain the short-term bank loan, but the bank will not renew the loan if the renewal results in the firm having a current ratio of less than 2:1. Since the firm is contracting, management would like to increase the marketable securities by $900 to meet emergencies. However, if the firm needs funds to retire debt, management is willing to liquidate! all the marketable securities. The firm's historical profit margin on sales of 8 percent and the firm's policy of distributing 40 percent of earnings will be maintained. To help forecast the firm's future financial position, fill in all the anticipated entries in the following balance sheet using the percentage of sales applied to accounts receivable, inventory, accounts payable, and accruals prior to any change in the firm's debt structure. Some of the numbers have been provided, and since the entries are anticipated, the sum of the two sides need not be balanced. Do not round intermediate calculations. Round your answers to the nearest dollar. Enter your answers as positive values. 900 10,430 BHM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable Inventory Long-term debt Plant and equipment Common stock Retained earnings 3: End-of-Chapter Problems - Forecasting The projected Select amount is $ a. Can the firm retain the short-term bank loan? Round your answer to two decimal places. . Since it is -Select- 22:1, the firm -Select- 7 renew the short-term bank loan. The forecasted current ratio is b. Can the firm retire the long-term debt? The management will have Select funds to retire the entire amount of long-term debt. c. If the firm distributed no dividends and retained all of its earnings, could the firm retire the long-term debt? Round your answers to the nearest dollar. The total amount raised (including dividends and marketable securities) is $ and it would be -Select- 7 to retire the long-term debt. According to the previous answers, the management should -Select- Construct a new pro forma balance sheet that incorporates all the anticipated changes in the assets, liabilities, and equity assuming that the firm pays the dividend. If the firm has excess cash, add it to the existing cash. Round your answers to the nearest dollar. If the answer is zero, enter "0". BHM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Cash Accounts payable Marketable securities Accruals Accounts receivable Bank loan payable Inventory Long-term debt Plant and equipment Common stock Retained earnings