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Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,001,000 with a plant expansion. The Inventories will

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Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,001,000 with a plant expansion. The Inventories will grow by 28%, accounts receivable will grow by 22%, and marketable securities will be reduced by 47% 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 eamings). 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? wany Pro Forma Balance Sheet for the Year Ending December 31, 2014 LIABILITIES ASSETS Current assets Cash $ $ Marketable securities $ $ Accounts receivable $ Inventories $ $ $ Current liabilities Accounts payable Other current liabilities Total current liabilities Long-term liabilities Long-term debt Other long-term liabilities Total long-term liabilities Total liabilities Total current assets $ $ Long-term assets Plant, property, and equipment Goodwill $ $ $ $ $ $ OWNERS' EQUITY Intangible assets Total long-term assets $ $ Common stock Retained earnings Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY $ TOTAL ASSETS $ $ National Beverage Company Balance Sheet for the Year Ending December 31, 2013 ASSETS LIABILITIES Current assets Cash $ $ Marketable securities $ $ 5,689,000 3,211,000 8,900,000 Accounts receivable $ $ Inventories $ Total current assets $ GA 1,347.000 $ $ Current liabilities 2,437,000 Accounts payable 1,641,000 Other current liabilities 2,793,000 Total current liabilities 1,615,000 Long-term liabilities 8,486,000 Long-term debt Other long-term liabilities 13,615,000 Total long-term liabilities 1,401,000 Total liabilities 6,442,000 OWNERS' EQUITY 21,458,000 Common stock Retained earnings Total owners' equity TOTAL LIABILITIES AND 29,944,000 OWNERS' EQUITY Long-term assets Plant, property, and equipment Goodwill Intangible assets Total long-term assets $ 2,895,000 4,242,000 13,142,000 $ $ $ $ $ 6,851.000 $ 9,951,000 $ 16,802,000 TOTAL ASSETS $ $ 29,944,000

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