Question
Your companys accounting year finishes at the end of December. Assume the year 2020 has just finished. As CFO of the company, you want to
Your companys accounting year finishes at the end of December. Assume the year 2020 has just finished. As CFO of the company, you want to forecast the amount of debt at the end of year 2021.
Actual figure for 2020
Debt 60 billion yen
Shareholders equity 240 billion yen
Forecast for year 2021
Sales 600 billion yen
Net income 100 billion yen
Dividend 40 billion yen
Total asset turnover 1.2 times
Other liabilities turnover 5.0 times
billion yen
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Financial Accounting A Global Approach
Authors: Sidney J. Gray, Belverd E. Needles
1st Edition
9780395839867
