Question
(Pro forma balance sheet? construction)?? Use the following industry average? ratios to construct a pro forma balance? sheet for Carlos? Menza, Inc The? company's cost
(Pro forma balance sheet? construction)??Use the following industry average? ratios to construct a pro forma balance? sheet for Carlos? Menza, Inc
The? company's cost of goods sold is ?$_______ ?(Round to the nearest? dollar.)
The? company's total assets are $________?(Round to the nearest? dollar.)
The? company's fixed assets are ?$ ?(Round to the nearest? dollar.)
The? company's accounts receivable is ?$______ ?(Round to the nearest? dollar.)
The? company's inventories are ?$________?(Round to the nearest? dollar.)
The? company's current liabilities are ?$________ ?(Round to the nearest? dollar.)
The? company's total liabilities are ?$ ?(Round to the nearest? dollar.)
Complete Carlos? Menza's balance sheet? below:???(Round to the nearest? dollar.)
Carlos Menza | ||||||
Pro Forma Balance Sheet |
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Cash |
| Current liabilities |
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Accounts receivable |
| Long-term debt |
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Inventory |
| Total liabilities |
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Net fixed assets |
| Common equity |
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Total |
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| Total |
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?
Data Table Total asset turnover Average collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit Cost of goods sold Debt ratio 1.9 times 9.2 days 4.6 times 2.9 times 1.8 times $4.21 million 76% of sales 50%Step by Step Solution
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