SOLVE ASAP PLEASE QUESTION NO 1 TO MARKS) The income statement and balance sheet for the ABC Ca fit the year ended December 31, 2019 Il 4G Statement ABC Company For the Year Ended Dec 31, 2019 Sales 100 000 Le Cost of Good Sold 195 000 Gross Profit Low Selling Expense S105 000 40 000 General Administrative Expreme 11 000 Les Depreciation 10 000 Operating profil 5 44 000 Les Interest 12 000 Net Probit Before Taxes S 12 000 Les Tax (409) 1 NO Net Income $19 00 1 BaleSheer BC Company For the Far Ended Dember 31, 2019 Cash 5 500 Account Reche 0 000 Imety Total Current A $150 Nesant and get SOLO Tools 5 300 000 Accuble 545 00 Send a chat 7 48 1 Aconial al 4G Total Curt Liabilities SIOS 500 Long Term Date 55 000 Show Equity Comme Stock 71,000 Reaming 75 000 3806 500 The ABC Co has been pled by the National Bank, majd app forma balance sheet for the you endnu December 31, 2020 Ung the percent of sales med and the following financial de pere there forma in Malmedalce sheet and in the simple for to determine the commands needed by the company the menghemalfingered Assis 2030 sales expected to increase by 10 Accounts receivable repent 20 of sales and disable repente 19 of Inventory represents of sales Puede utlys in 2030 520 000 Total de confor 2020 will be $15 000 Nolegledelit will be retired in 2020 and to come will be purchased in 2000 The firm will pay dividends equal to oficines The income statement and balance sheet for the ABC Co for the year ended December 31, 2019 Income Statement ABC Company For the Year Ended December 31, 2019 Sales $300,000 Less Cost of Goods Sold 195,000 Gross Profit S105,000 Less Selling Expense 40,000 General Administrative Expense 11 000 Less Depreciation 10,000 Operating Profit $ 44,000 Less Interest 12,000 Net Profit Before Taxes $ 32,000 Less Taxes (40 ) 12,800 Net Income $ 19,200 I Balance Sheer ABC Company For the Year Ended December 31, 2019 Cash S 1,500 Accounts Receivable 60 000 Inventory 95 000 Total Current Assets $156,500 Net Plant and Equipment 150 000 Total Assets S306,500 Liabilities and Equities Accounts Payable $ 45 500 Notes Payable 55 000 Accruals 5 500 Total Current Liabilities $105,500 Long Term Debt 55,000 Stockholders' Equity Common Stock 71,000 Retained Earnings 75,000 Total Liabilities and Equities $306,500 The ABC Co has been requested by the 1st National Bank, a major creditor, to prepare a pro forma balance sheet for the year ending, December 31, 2020 Using the percent of sales method and the following financial data, prepare the pro forma income statement and balance sheet and also use the simple formula to determine the external funds needed by the company Discuss the resulting external financing required Assumptions 2020 sales are expected to increase by 30 Accounts receivable represent 20 of sales and Accounts payable represents 15 of sales Inventory represents 32 of sales Fixed asset outlays in 2020 are $20,000 Total depreciation expense for 2020 will be $15,000 No long term debt will be retired in 2020 and no common stock will be repurchased in 2020 The firm will pay dividends equal to 20 of its earnings after taxes b You have been asked for your advice in selecting an asset for investment purpose There are three assets X, Y and Z are currently being considered The mean returns for these assets are shown in the following table Asset X Asset Y Asset z Return Return Return 40 40 35 10 10 20 0 20 10 2 Page 5 13 QUESTION NO 1 TO MARKS) The income statement and balance sheet for the ABC Ca fit the year ended December 31, 2019 Il 4G Statement ABC Company For the Year Ended Dec 31, 2019 Sales 100 000 Le Cost of Good Sold 195 000 Gross Profit Low Selling Expense S105 000 40 000 General Administrative Expreme 11 000 Les Depreciation 10 000 Operating profil 5 44 000 Les Interest 12 000 Net Probit Before Taxes S 12 000 Les Tax (409) 1 NO Net Income $19 00 1 BaleSheer BC Company For the Far Ended Dember 31, 2019 Cash 5 500 Account Reche 0 000 Imety Total Current A $150 Nesant and get SOLO Tools 5 300 000 Accuble 545 00 Send a chat 7 48 1 Aconial al 4G Total Curt Liabilities SIOS 500 Long Term Date 55 000 Show Equity Comme Stock 71,000 Reaming 75 000 3806 500 The ABC Co has been pled by the National Bank, majd app forma balance sheet for the you endnu December 31, 2020 Ung the percent of sales med and the following financial de pere there forma in Malmedalce sheet and in the simple for to determine the commands needed by the company the menghemalfingered Assis 2030 sales expected to increase by 10 Accounts receivable repent 20 of sales and disable repente 19 of Inventory represents of sales Puede utlys in 2030 520 000 Total de confor 2020 will be $15 000 Nolegledelit will be retired in 2020 and to come will be purchased in 2000 The firm will pay dividends equal to oficines The income statement and balance sheet for the ABC Co for the year ended December 31, 2019 Income Statement ABC Company For the Year Ended December 31, 2019 Sales $300,000 Less Cost of Goods Sold 195,000 Gross Profit S105,000 Less Selling Expense 40,000 General Administrative Expense 11 000 Less Depreciation 10,000 Operating Profit $ 44,000 Less Interest 12,000 Net Profit Before Taxes $ 32,000 Less Taxes (40 ) 12,800 Net Income $ 19,200 I Balance Sheer ABC Company For the Year Ended December 31, 2019 Cash S 1,500 Accounts Receivable 60 000 Inventory 95 000 Total Current Assets $156,500 Net Plant and Equipment 150 000 Total Assets S306,500 Liabilities and Equities Accounts Payable $ 45 500 Notes Payable 55 000 Accruals 5 500 Total Current Liabilities $105,500 Long Term Debt 55,000 Stockholders' Equity Common Stock 71,000 Retained Earnings 75,000 Total Liabilities and Equities $306,500 The ABC Co has been requested by the 1st National Bank, a major creditor, to prepare a pro forma balance sheet for the year ending, December 31, 2020 Using the percent of sales method and the following financial data, prepare the pro forma income statement and balance sheet and also use the simple formula to determine the external funds needed by the company Discuss the resulting external financing required Assumptions 2020 sales are expected to increase by 30 Accounts receivable represent 20 of sales and Accounts payable represents 15 of sales Inventory represents 32 of sales Fixed asset outlays in 2020 are $20,000 Total depreciation expense for 2020 will be $15,000 No long term debt will be retired in 2020 and no common stock will be repurchased in 2020 The firm will pay dividends equal to 20 of its earnings after taxes b You have been asked for your advice in selecting an asset for investment purpose There are three assets X, Y and Z are currently being considered The mean returns for these assets are shown in the following table Asset X Asset Y Asset z Return Return Return 40 40 35 10 10 20 0 20 10 2 Page 5 13

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SOLVE ASAP PLEASE     QUESTION NO  1 TO MARKS) The income statement and balance sheet for the ABC Ca fit the year ended December 31, 2019 Il 4G Statement ABC Company For the Year Ended Dec 31, 2019 Sales 100 000 Le Cost of Good Sold 195 000 Gross Profit Low Selling Expense S105 000 40 000 General Administrative Expreme 11 000 Les Depreciation 10 000 Operating profil 5 44 000 Les Interest 12 000 Net Probit Before Taxes S 12 000 Les Tax (409) 1 NO Net Income $19 00 1 BaleSheer BC Company For the Far Ended Dember 31, 2019 Cash 5 500 Account Reche 0 000 Imety Total Current A $150 Nesant and get SOLO Tools 5 300 000 Accuble 545 00 Send a chat 7 48 1 Aconial al 4G Total Curt Liabilities SIOS 500 Long Term Date 55 000 Show Equity Comme Stock 71,000 Reaming 75 000 3806 500 The ABC Co has been pled by the National Bank, majd app forma balance sheet for the you endnu  December 31, 2020 Ung the percent of sales med and the following financial de pere there forma in Malmedalce sheet and in the simple for to determine the commands needed by the company the menghemalfingered Assis 2030 sales expected to increase by 10  Accounts receivable repent 20  of sales and disable repente 19  of Inventory represents of sales Puede utlys in 2030 520 000 Total de confor 2020 will be $15 000 Nolegledelit will be retired in 2020 and to come will be purchased in 2000 The firm will pay dividends equal to oficines The income statement and balance sheet for the ABC Co  for the year ended December 31, 2019 Income Statement ABC Company For the Year Ended December 31, 2019 Sales $300,000 Less  Cost of Goods Sold 195,000 Gross Profit S105,000 Less  Selling Expense 40,000 General   Administrative Expense 11 000 Less  Depreciation 10,000 Operating Profit $ 44,000 Less  Interest 12,000 Net Profit Before Taxes $ 32,000 Less  Taxes (40 ) 12,800 Net Income $ 19,200 I Balance Sheer ABC Company For the Year Ended December 31, 2019 Cash S 1,500 Accounts Receivable 60 000 Inventory 95 000 Total Current Assets $156,500 Net Plant and Equipment 150 000 Total Assets S306,500 Liabilities and Equities Accounts Payable $ 45 500 Notes Payable 55 000 Accruals 5 500 Total Current Liabilities $105,500 Long Term Debt 55,000 Stockholders' Equity Common Stock 71,000 Retained Earnings 75,000 Total Liabilities and Equities $306,500 The ABC Co  has been requested by the 1st National Bank, a major creditor, to prepare a pro forma balance sheet for the year ending, December 31, 2020  Using the percent of sales method and the following financial data, prepare the pro forma income statement and balance sheet and also use the simple formula to determine the external funds needed by the company  Discuss the resulting external financing required Assumptions 2020 sales are expected to increase by 30   Accounts receivable represent 20  of sales and Accounts payable represents 15  of sales  Inventory represents 32  of sales  Fixed asset outlays in 2020 are $20,000  Total depreciation expense for 2020 will be $15,000  No long term debt will be retired in 2020 and no common stock will be repurchased in 2020  The firm will pay dividends equal to 20  of its earnings after taxes  b  You have been asked for your advice in selecting an asset for investment purpose  There are three assets   X, Y and Z are currently being considered  The mean returns for these assets are shown in the following table  Asset X Asset Y Asset z Return Return Return 40  40  35  10 10 20 0  20 10 2 Page  5 13     QUESTION NO  1 TO MARKS) The income statement and balance sheet for the ABC Ca fit the year ended December 31, 2019 Il 4G Statement ABC Company For the Year Ended Dec 31, 2019 Sales 100 000 Le Cost of Good Sold 195 000 Gross Profit Low Selling Expense S105 000 40 000 General Administrative Expreme 11 000 Les Depreciation 10 000 Operating profil 5 44 000 Les Interest 12 000 Net Probit Before Taxes S 12 000 Les Tax (409) 1 NO Net Income $19 00 1 BaleSheer BC Company For the Far Ended Dember 31, 2019 Cash 5 500 Account Reche 0 000 Imety Total Current A $150 Nesant and get SOLO Tools 5 300 000 Accuble 545 00 Send a chat 7 48 1 Aconial al 4G Total Curt Liabilities SIOS 500 Long Term Date 55 000 Show Equity Comme Stock 71,000 Reaming 75 000 3806 500 The ABC Co has been pled by the National Bank, majd app forma balance sheet for the you endnu  December 31, 2020 Ung the percent of sales med and the following financial de pere there forma in Malmedalce sheet and in the simple for to determine the commands needed by the company the menghemalfingered Assis 2030 sales expected to increase by 10  Accounts receivable repent 20  of sales and disable repente 19  of Inventory represents of sales Puede utlys in 2030 520 000 Total de confor 2020 will be $15 000 Nolegledelit will be retired in 2020 and to come will be purchased in 2000 The firm will pay dividends equal to oficines The income statement and balance sheet for the ABC Co  for the year ended December 31, 2019 Income Statement ABC Company For the Year Ended December 31, 2019 Sales $300,000 Less  Cost of Goods Sold 195,000 Gross Profit S105,000 Less  Selling Expense 40,000 General   Administrative Expense 11 000 Less  Depreciation 10,000 Operating Profit $ 44,000 Less  Interest 12,000 Net Profit Before Taxes $ 32,000 Less  Taxes (40 ) 12,800 Net Income $ 19,200 I Balance Sheer ABC Company For the Year Ended December 31, 2019 Cash S 1,500 Accounts Receivable 60 000 Inventory 95 000 Total Current Assets $156,500 Net Plant and Equipment 150 000 Total Assets S306,500 Liabilities and Equities Accounts Payable $ 45 500 Notes Payable 55 000 Accruals 5 500 Total Current Liabilities $105,500 Long Term Debt 55,000 Stockholders' Equity Common Stock 71,000 Retained Earnings 75,000 Total Liabilities and Equities $306,500 The ABC Co  has been requested by the 1st National Bank, a major creditor, to prepare a pro forma balance sheet for the year ending, December 31, 2020  Using the percent of sales method and the following financial data, prepare the pro forma income statement and balance sheet and also use the simple formula to determine the external funds needed by the company  Discuss the resulting external financing required Assumptions 2020 sales are expected to increase by 30   Accounts receivable represent 20  of sales and Accounts payable represents 15  of sales  Inventory represents 32  of sales  Fixed asset outlays in 2020 are $20,000  Total depreciation expense for 2020 will be $15,000  No long term debt will be retired in 2020 and no common stock will be repurchased in 2020  The firm will pay dividends equal to 20  of its earnings after taxes  b  You have been asked for your advice in selecting an asset for investment purpose  There are three assets   X, Y and Z are currently being considered  The mean returns for these assets are shown in the following table  Asset X Asset Y Asset z Return Return Return 40  40  35  10 10 20 0  20 10 2 Page  5 13

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SOLVE ASAP PLEASE ... QUESTION NO. 1 TO MARKS) The income statement and balance sheet for the ABC Ca fit the year ended December 31,

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