In: Accounting
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 | ||||||
| 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