Question

In: Accounting

Projected growth rate 20% Tax rate 21% Operating capacity 93% Sales $198,000,000 Cost of goods sold...

Projected growth rate 20% Tax rate 21% Operating capacity 93% Sales $198,000,000 Cost of goods sold 128,600,000 Other expenses 31,500,000 Depreciation 10,500,000 EBIT $27,400,000 Interest 4,350,000 EBT $23,050,000 Taxes (21%) 4,840,500 Net income $18,209,500 Dividends $9,500,000 Additions to retained earnings 8,709,500 Assets Liabilities & Equity Current assets Current liabilities Cash $1,358,000 Accounts payable $2,400,000 Accounts receivable 4,180,000 Notes payable 5,830,000 Inventory 8,753,000 Total $8,230,000 Total $14,291,000 Long-term debt $67,500,000 Owners' equity Fixed assets Common stock and paid-in surplus $8,000,000 Net plant and equipment $125,580,000 Accumulated retained earnings 56,141,000 Total $64,141,000 Total assets $139,871,000 Total liabilities and owners' equity $139,871,000

Prepare the pro forma financial statements and calculate the EFN.

Solutions

Expert Solution

EFN External financing needed the amount required for the company. It calculated based on the following formula

I have done my best as to EFN , Please check the calculations.

ekkarill92 answered 4 months ago
Next > < Previous

Related Solutions

a. Sold $852,000 of merchandise on account, subject to a sales tax of 7%. The cost of the goods sold was $502,680.
Sales Tax TransactionsJournalize the entries to record the following selected transactions.a. Sold $852,000 of merchandise on account, subject to a sales tax of 7%. The cost of the goods sold was $502,680.If an amount box does not require an entry, leave it blank.Accounts ReceivableSalesSales Tax PayableCost of Goods SoldInventoryb. Paid $45,520 to the state sales tax department for taxes collected.If an amount box does not require an entry, leave it blank.Sales Tax PayableCash
The United Colours Corporation has $20 million in Sales, and its cost of goods sold is...
The United Colours Corporation has $20 million in Sales, and its cost of goods sold is $15 million. The average inventory balance for the company is $10 million. In order to meet the industry average of 80 days, how would the firm have to change its investment in INVENTORY? Select one: a. Decrease by $7.95 million b. Decrease by $2.05 million c. Increase by $2.05 million d. Increase by $7.95 million
Calculate net sales: Cost of goods sold $74,500 Sales revenue $112,800 Operating expenses $23,600 Sales returns...
Calculate net sales: Cost of goods sold $74,500 Sales revenue $112,800 Operating expenses $23,600 Sales returns $4,600 Sales discounts $6,700 Inventory purchases $80,530
Precision Manufacturing had the following operating results for 2014: sales = $36,942; cost of goods sold...
Precision Manufacturing had the following operating results for 2014: sales = $36,942; cost of goods sold = $24,600; depreciation expense = $1,700; interest expense = $1,400; dividends paid = $1,000. At the beginning of the year, net fixed assets were $14,300, current assets were $8,700, and current liabilities were $6,600. At the end of the year, net fixed assets were $13,900, current assets were $9,200, and current liabilities were $7,400. The tax rate for 2014 was 34 percent. What is...
Nanticoke Industries had the following operating results for 2018: sales $29,000; cost of goods sold =...
Nanticoke Industries had the following operating results for 2018: sales $29,000; cost of goods sold = $19,710; depreciation expense = $5,220; interest expense = $2,640; dividends paid = $1,400. At the beginning of the year, net fixed assets were $17,330, current assets were $5,850, and current liabilities were $3,300. At the end of the year, net fixed assets were $20,610, current assets were $7,150, and current liabilities were $3,970. The tax rate for 2018 was 30 %. a) net income...
Cusic Industries had the following operating results for 2015: sales = $28,560; cost of goods sold...
Cusic Industries had the following operating results for 2015: sales = $28,560; cost of goods sold = $19,460; depreciation expense = $5,020; interest expense = $2,340; dividends paid = $1,150. At the beginning of the year, net fixed assets were $16,980, current assets were $5,800, and current liabilities were $3,280. At the end of the year, net fixed assets were $20,360, current assets were $7,360, and current liabilities were $3,900. The tax rate for 2015 was 30 percent.    a....
Cardinal Industries had the following operating results for 2018: Sales = $33,510; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $33,510; Cost of goods sold = $23,820; Depreciation expense = $5,917; Interest expense = $2,670; Dividends paid = $1,924. At the beginning of the year, net fixed assets were $19,860, current assets were $6,998, and current liabilities were $3,944. At the end of the year, net fixed assets were $24,430, current assets were $8,636, and current liabilities were $4,601. The tax rate for 2018 was 24 percent.    a....
Cardinal Industries had the following operating results for 2018: Sales = $33,510; Cost of goods sold...
Cardinal Industries had the following operating results for 2018: Sales = $33,510; Cost of goods sold = $23,820; Depreciation expense = $5,917; Interest expense = $2,670; Dividends paid = $1,924. At the beginning of the year, net fixed assets were $19,860, current assets were $6,998, and current liabilities were $3,944. At the end of the year, net fixed assets were $24,430, current assets were $8,636, and current liabilities were $4,601. The tax rate for 2018 was 24 percent.    a....
Kaler Company has sales of $1,410,000, cost of goods sold of $785,000, other operating expenses of...
Kaler Company has sales of $1,410,000, cost of goods sold of $785,000, other operating expenses of $198,000, average invested assets of $4,400,000, and a hurdle rate of 11 percent. Required: 1. Determine Kaler’s return on investment (ROI), investment turnover, profit margin, and residual income. (Do not round your intermediate calculations. Enter your ROI and Profit Margin answer to the nearest whole percentage, (i.e., 0.1234 should be entered as 12%). Round your Investment Turnover answers to 4 decimal places.) Please calculate...
Robison Manufacturing had the following operating results for 2017: sales = $40,000; cost of goods sold...
Robison Manufacturing had the following operating results for 2017: sales = $40,000; cost of goods sold = $25,000; depreciation expense = $3,200; interest expense = $500; dividends paid = $800. At the beginning of the year, net fixed assets were $22,000, current assets were $3,400, and current liabilities were $2,800. At the end of the year, net fixed assets were $28,000, current assets were $4,200, and current liabilities were $2,100. The tax rate for 2017 was 40 percent. What is...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT