b. Prepare a pro forma balance sheet with any financing adjustment made to long-term debt. (Do not round intermediate calculations. Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity. Enter the answers in millions. Round the final answers to 2 decimal places.) Cash Accounts receivable Inventory Current assets Capital Assets Total assets Assets $ Current ratio Total debt assets $ 8.8 13.2 23.1 Year 1 45.1 45.1 90.2 Balance Sheet ($ millions) 2.7 X 36.6% Liabilities and Shareholders' Equity Accounts payable Accrued wages Accrued taxes Current liabilities Long-term debt Common stock Retained earnings Total liabilities and shareholders' equity Year 2 c. Calculate the current ratio and total debt to assets ratio for each year. (Do not round intermediate calculations. Round the fir answers to 1 decimal places.) es 2.7 X 8 6.6 5.5 4.4 16.5 19.06 20 34.64 90.2
b. Prepare a pro forma balance sheet with any financing adjustment made to long-term debt. (Do not round intermediate calculations. Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity. Enter the answers in millions. Round the final answers to 2 decimal places.) Cash Accounts receivable Inventory Current assets Capital Assets Total assets Assets $ Current ratio Total debt assets $ 8.8 13.2 23.1 Year 1 45.1 45.1 90.2 Balance Sheet ($ millions) 2.7 X 36.6% Liabilities and Shareholders' Equity Accounts payable Accrued wages Accrued taxes Current liabilities Long-term debt Common stock Retained earnings Total liabilities and shareholders' equity Year 2 c. Calculate the current ratio and total debt to assets ratio for each year. (Do not round intermediate calculations. Round the fir answers to 1 decimal places.) es 2.7 X 8 6.6 5.5 4.4 16.5 19.06 20 34.64 90.2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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THE ANSWER IS NOT 21% OR 0.2% can you give me a few answers to try? Thank you!
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