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Pro forma balance sheet. Next year National Beverage Company will increase its plant, property, and equipment by $4,029,000 with a plant expansion. The Inventories will
Pro forma balance sheet. Next year National Beverage Company will increase its plant, property, and equipment by $4,029,000 with a plant expansion. The Inventories will grow by 27%, accounts receivable will grow by 20%, and marketable securities will be reduced by 51% 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 shoot in the popup window. I. 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? Complete the pro forma balance sheet for 2014 below: (Round to the nearest dollar) National Beverage Company Pro Forma Balance Sheet for the Year Ending December 31, 2014 ASSETS LIABILITIES Current assets Current liabilities $ Cash Accounts payable $ Marketable securities $ Other current labilities Internet Answer TASSETS LTADILITIES Current assets Current liabilities Cash Accounts payable $ Other current liabilities $ Marketable securities Accounts receivable Inventories $ $ Total current liabilities S Total current assets S Long-term liabilities Long-term debt Other long-term liabilitles Long-term assets . 11. Accounts receivable Total current mabilis Inventories S Total current assets $ Long-term liabilities Long-term debt Other long-term fiabilities Total long-term liabilities $ Long-term assets Plant property, and equipment Goodwill $ $ $ Total liabilities $ S OWNERS' EQUITY Intangible assets Total long-term assets Common stock Goodwill $ $ Intangible assets Total long-term assets s Total liabilities OWNERS' EQUITY Common stock Retained earnings Total owners' equity TOTAL LIABILITIES AND OWNERS' EQUITY $ $ TOTAL ASSETS 6,882,000 3,212.000 $ $ 8,874,000 Balance sheet for the Year Ending December 31, 2013 ASSETS LIABILMES Current assets Current liabilities Cash 2,480,000 Accounts payable Marketable securities 1,896,000 Other current liabilities Accounts receivable 2.718,000 Total current labilities Inventorios 1,663,000 Long-term liabilities Total current assets 8,647,000 Long-term debt Long-term assets Other long-term liabilities Plant, property, and equipment 13,658,000 Total long-term liabilities Goodwill 1.449,000 Total Ilabilities Intangible assets 8,498,000 OWNERS' EQUITY Total long-term assets 21,608,000 Common stock Retained earnings Total owners' equity TOTAL LIABILITIES AND TOTAL ASSETS 30.152,000 OWNERS' EQUITY 1.362.000 2,871.000 4,223,000 13,097.000 $ $ 6,852.000 10.203.000 17,055,000 $ 30.152.000
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