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Step 3 In 2017, Baldies Hair Salon will be able to take depreciation equal to 32% of the purchase price of fixed assets purchased in
Step 3 In 2017, Baldies Hair Salon will be able to take depreciation equal to 32% of the purchase price of fixed assets purchased in 2016. They will not make any new fixed asset purchases in 2017, Accounts Receivables will be 2.0% of sales revenues in 2017, Inventories will 15% of sales revenues. Accounts Payable will be 10% of the cost of services provided, short-term debt in 2017 will be $9,494, and long-term debt at the end of 2017 will be $48,409 f. From the information above, on a new sheet in your Excel file, construct a Pro Forma Balance Sheet for 12/31/2017. [10 points] Also, on a new sheet in your Excel file, construct a Pro Forma Statement of Cash Flows for 2017. [10 points] Step 3 In 2017, Baldies Hair Salon will be able to take depreciation equal to 32% of the purchase price of fixed assets purchased in 2016. They will not make any new fixed asset purchases in 2017, Accounts Receivables will be 2.0% of sales revenues in 2017, Inventories will 15% of sales revenues. Accounts Payable will be 10% of the cost of services provided, short-term debt in 2017 will be $9,494, and long-term debt at the end of 2017 will be $48,409 f. From the information above, on a new sheet in your Excel file, construct a Pro Forma Balance Sheet for 12/31/2017. [10 points] Also, on a new sheet in your Excel file, construct a Pro Forma Statement of Cash Flows for 2017. [10 points]
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