Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,000,000 with a plant expansion. The inventories will grow by 30% accounts receivable will grow by 20% and marketable securities will be reduced by 50% 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 information and the balance sheet in the popup window, EEBfor 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 Marketable securities Accounts receivable Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total current assets Long-term debt Other long-term liabilities Long-term assets Enter any number in the edit fields and then continue to the next question. Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,000,000 with a plant expansion. The inventories will grow by 30% accounts receivable will grow by 20% and marketable securities will be reduced by 50% 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 information and the balance sheet in the popup window, EEBfor 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 Marketable securities Accounts receivable Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total current assets Long-term debt Other long-term liabilities Long-term assets Enter any number in the edit fields and then continue to the next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Principles And Applications

Authors: Sheridan Titman, John Martin

14th Global Edition

1292349824, 978-1292349824

More Books

Students also viewed these Finance questions

Question

=+(16.32) 81(w) for w A and 0 Answered: 1 week ago

Answered: 1 week ago