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The question is attached. Please see data contains all the data. Pro forma balance sheet construction - Use the following industry average ratios to construct
The question is attached. Please see data contains all the data.
Pro forma balance sheet construction - Use the following industry average ratios to construct a pro forma balance sheet, for Carlos Menza, Inc. Total asset turnover Average Collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit) Cost of goods sold Debt ratio 1.7 times 9.2 days 5.3 times 2.6 times 1.5 times $3.75 million 75% of sales 49% The company's cost of goods sold it$_____________ (Round to the nearest dollar). The company's total assets are $_____________ (Round to the nearest dollar). The company's fixed assets are $_____________ (Round to the nearest dollar). The company's accounts receivable is $_____________ (Round to the nearest dollar). The company's inventories are $_____________ (Round to the nearest dollar). The company's current liabilities are $_____________ (Round to the nearest dollar). The company's total liabilities are $_____________ (Round to the nearest dollar). Cash $ Accounts receivable $ Inventory Net fixed assets $ Total $ Current liabilities $ Long-term Debt $ Total liabilities $ Common Equity $ Total $Step by Step Solution
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