U CO 1 Assets 2012 2013 2014 O O- 2 Non-current assets Use the Following Assumptions to Create a Projected Balance Sheet for the Year 2014 3 Capital assets 27,19,000 29,19,000 35,79,000 Related to the statement of financial position: Accumulated (595,000) (700,000) 8,20,000 a. Non-current asset accounts 4 depreciation/amortization Investment in new capital assets will be $660,000. 5 Net capital assets 21,24,000 22,19,000 27,59,000 Other assets will be increased by $100,000. 6 Other assets ( intangible) 100,000 200,000 300,000, b. Current asset accounts 7 Total non-current assets 22,24,000 24,19,000 30,59,000 Inventories will improve to 4.9 times. 8 Current assets . Trade receivables will improve to 44.9 days. . Cash and cash equivalents will be 2.0% of revenue. 9 Inventories 256,000 268,000 13,13,200 c. Equity 10 Trade receivables 420,000 459,000 . Shareholders will invest an additional $200,000 in the business. 11 Cash and cash equivalents 48,000 54,000 68,200 d. Non-current liabilities 12 Total current assets 724,000 781,000 . Long-term borrowings will increase by $39,700. 13 Total assets 29,48,000 32,00,000 e. Current liabilities 14 Equity and liabilities Trade and other payables will increase to 11.31% of cost of sales. 15 Equity . Notes payable will increase to $268,685. 16 Share capital 800,000 800,000 10,00,000 17 Retained earnings 652,000 904,500 O 18 Total equity 14,52,000 17,04,500 19 Non-current liabilities 950,000 10,00,000 20 Current liabilities 21 Trade and other payables 140,000 131,600 22 Notes payable 256,000 263,900 2,68,685 23 Other current liabilities 150,000 100,000 24 Total current liabilities 546,000 495,500 25 Total liabilities 14,96,000 14,95,500 26 Total equity and liabilities 29,48,000 32,00,000 INCOME STATEMENT BALANCE SHEET RATIO ANALYSIS Ready Type here to search O DELL