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In: Accounting

Please calculate 2020,2021,2022 common sized and leave formula. PROJECTED BALANCE SHEETS Common Sized Opening 2020 2021...

Please calculate 2020,2021,2022 common sized and leave formula.

PROJECTED BALANCE SHEETS Common Sized
Opening 2020 2021 2022 2020 2021 2022
ASSETS
Current Assets
Cash $       125,000 $       125,000 $       125,000 $       125,000
Accounts Recievable              89,260            115,452            152,877
Inventory              30,736              28,863              38,219
Prepaid and Other Assets                   219                   274                   329
     Total Current Assets            245,215            269,589            316,425
Long Lived Assets
Property, Plant and Equipment                   500                   550                   750
Accumulated Depreciation                 (320)                 (431)                 (577)
     Net P,P&E                   180                   119                   173
TOTAL ASSETS $       245,395 $       269,708 $       316,598

Solutions

Expert Solution

PROJECTED BALANCE SHEETS Common Sized
Opening 2020 2021 2022 2020 2021 2022
ASSETS
Current Assets
Cash $       125,000 125,000 125,000 125,000 50.94% 46.35% 39.48%
Accounts Recievable 89260 115452 152877 36.37% 42.81% 48.29%
Inventory 30736 28863 38219 12.53% 10.70% 12.07%
Prepaid and Other Assets 219 274 329 0.09% 0.10% 0.10%
     Total Current Assets 245,215 269,589 316,425 99.93% 99.96% 99.95%
Long Lived Assets
Property, Plant and Equipment 500 550 750 0.20% 0.20% 0.24%
Accumulated Depreciation ($320) ($431) ($577) -0.13% -0.16% -0.18%
     Net P,P&E 180 119 173 0.07% 0.04% 0.05%
TOTAL ASSETS 245,395 269,708 316,598 100.00% 100.00% 100.00%

*Respective amounts ÷ Total assets


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