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Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,022,000 with a plant expansion. The invent nes
Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,022,000 with a plant expansion. The invent nes wil grow by 32%, acounts receivable wil grow by 19%, and marketable securities w 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 eamings). Using this information and the balance sheet in the popup window, EEF. 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 liabilities Current assets Cash Marketable securities Accounts receivable Accounts payable Other current liabilities Total current liabilities Long-term liabilities Long-term debt Other long-term liabilities Total current assets Long-lerm assets
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