Question
Using the following forecasted information for year 2022, Sales growth 18.27% Gross profit margin 39.27% Selling, general and administrative expense 13.69% Depreciation expense/Prior-year property,
Using the following forecasted information for year 2022, Sales growth 18.27% Gross profit margin 39.27% Selling, general and administrative expense 13.69% Depreciation expense/Prior-year property, plant and equipment (gross) 8.76% Interest expense/Prior-year long-term debt 4.94% Income tax expense/Pretax income 30.00% Account receivable turnover (Sales/Account receivable) 9.15 Inventory turnover (Cost of goods sold/Inventory) 8.10 Accounts payable turnover (Cost of goods sold/Accounts payable) 4.91 Taxes payable/Tax expense 50.41% Total assets/Stockholder's equity (Financial leverage) 2.35 Dividends per share $1.06 9.04% Capital expenditures/Sales Prepare a projected sttements for yer ended 2022: b. Statement of financial Position c. Statement of Cash flow d. Analyze the estimated cash balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started