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Proforma Balance Sheet Assets Cash Accounts receivable 23,018.74 58,610.04 116,525.79 Inventories Total Current 198,154.58 Net plant 90,020.00 Total assets 288,174.58 Liabilities and Capital Accounts payable
Proforma Balance Sheet Assets Cash Accounts receivable 23,018.74 58,610.04 116,525.79 Inventories Total Current 198,154.58 Net plant 90,020.00 Total assets 288,174.58 Liabilities and Capital Accounts payable Other current liabilities Total current liabilities Long-term debt Deferred taxes 31,341.53 41,737.96 73,079.49 36,040.00 7,140.00 116,259.49 50,000.00 Total liabilities Common Stock Retained Earnings 97,497.33 Total Liabilities and Equity EFN TO BALANCE 263,756.82 24,417.76 If Hearn Inc. wants to target the current ratio to the industry average of 3.00 and debt to asset ratio of 0.40, how much is the long term debt portion of the EFN? AJ Question 9 (1 point) If Hearn Inc. wants to target the current ratio to the industry average of 3.00 and debt to asset ratio of 0.40, how much is the equity portion of the EFN? Proforma Balance Sheet Assets Cash Accounts receivable 23,018.74 58,610.04 116,525.79 Inventories Total Current 198,154.58 Net plant 90,020.00 Total assets 288,174.58 Liabilities and Capital Accounts payable Other current liabilities Total current liabilities Long-term debt Deferred taxes 31,341.53 41,737.96 73,079.49 36,040.00 7,140.00 116,259.49 50,000.00 Total liabilities Common Stock Retained Earnings 97,497.33 Total Liabilities and Equity EFN TO BALANCE 263,756.82 24,417.76 If Hearn Inc. wants to target the current ratio to the industry average of 3.00 and debt to asset ratio of 0.40, how much is the long term debt portion of the EFN? AJ Question 9 (1 point) If Hearn Inc. wants to target the current ratio to the industry average of 3.00 and debt to asset ratio of 0.40, how much is the equity portion of the EFN
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