Pro forme balance sheet-Balo Leonard Industries wishes to prepare a profoma balance shoot for not year. The firm expects sales to total $3,000,000. The following information has been gathered (1) A minimum cash balance of $49,600 is desired (2) Marketable securities will remain unchanged. (3) Accounts receivable present 9.85% of sales (4) Inventaries represent 11.9% of sales. (5) Leonard wil acquire a new machine casting $90,200. Total depreciation for the year will be $22.400. (6Accounts payable represent 14.1% of sales (7) Acciais, other current , long-term diebt, and common stock will remain unchanged. (8) The firm's not profit margin is 3.7% and twpects to pay out $9.500 in cash dividends not year. (9) The most recent balance shot follows .. Use the judgmental approach to prepare a proforma blanca short for next year. D. How much it an adonan wil Load Industries no? DISCUSS .. Use the judgmental approach to prepare a proforma balance shoot for Leonard Industries Complete the assets part of the proforma balance shoot for Leonard Industries below. (Round to the nearest dollar) Pro Forma Balance Bhost Leonard Industries Asants Data Table Current as Cash Maritable securities Accounts receivable Inventories Total current acts (Click on the icon here in order to copy the contents of the datatable below into a spreadshot.) Leonard Industries Baiano Sheet Acces Llabilities and Stockholders' Equity Cash Accounts payable Marketable Securities 15.400 Acorus Accounts receivable Other current Inventories 339,000 Total current les Total current assets $654,900 Long-term debt Not fixed assets 600, 300 Common stock Retained carings Total scots $1255,200 Total libes and stockholders uity 59,500 30,200 Not find assets Total acts 350200 200,400 220,100 $1.295,200 Done Pro forma balance sheet-Basic Leonard Industries wishes to prepare a pro forma balance sheet for next year. The firm expects sales to total $3,000,000. The following information has been gathered. (1) A minimum cash balance of $40,600 is desired. 2) Marketable securities will remain unchanged. (3) Accounts receivable represent 9.8% of sales. (4) Inventories represent 11.9% of sales 5) Leonard will acquire a new machine costing S90 200. Total depreciation for the year will be $32,400. . 6) Accounts payable represent 14.1% of sales. 7) Accruals, other current liabilities, long-term debt, and common stock will remain unchanged. 8) The firm's net profit margin is 3.7%, and it expects to pay out $89.500 in cash dividends next year. 9) The most recent balance sheet follows a. Use the judgmental approach to prepare a pro forma balance sheet for next year. b. How much, if any, additional financing will Leonard Industries require? Discuss. Could lennard Industries adiustite planner dividend to avoid the situation described in part 12 Eynlain a. Use the judgmental approach to prepare a pro forma balance sheet for Leonard Industries. Complete the assets part of the pro forma balance sheet for Leonard Industries below. (Round to the neare 0 Data Table -X Pro Forma Balance Sheet Leonard Industries (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Leonard Industries Balance Sheet Assets Liabilities and Stockholders' Equity Cash $45.000 Accounts payable Marketable securities 15.400 Accruals Accounts receivable 254,900 Other current liabilities Inventories 339,600 Total current liabilities Total current assets $854,900 Long-term debt Net fixed assets 600,300 Common stock Retained earnings Total assets $1.255.200 Total abilities and stockholders' equity Assets Current assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets $394,700 59,600 30,200 $484,500 350.200 200,400 220,100 $1.255.200 S S Print Done Total assets S
