FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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From the balance sheet prepare a proforma income statement where revenues can increase by 2% and the firm can borrow at 5.5%

BALANCE SHEET  2021
Cash and cash equivalents 280
Receivables 2588
Inventory 2516
Other  CA 189
TOTAL CA 5573
Fixed assets 5024
TOTAL ASSETS 10597
Accounts payable 4713
Short term debt 78
TOTAL CL 4790
LT debt 921
Shareh. Equity 4886
TOTAL LIAB. AND SHARH. EQUITY 10597
   
INCOME STATEMENT 2021
Sales 19418
COGS 13136
Depreciations 354
SG&A 4952
EBIT 976
Interest  Expenses 52
Tax 268
Net income 656

Pro-forma statement

Pro Forma Forecasts Actual Projected Projected Projected Projected Projected
  2021 2022 2023 2024 2025 2026
COGS/REVENUES            
SGA/SALES             
INVENTORIES/COGS            
OTHER CA/SALES            
AR/SALES            
AP/COGS            
SALES/FIXED ASSETS            
DEPR/ FIXED  ASSETS            
EQUITY/INVESTED CAPITAL            
ST DEBT/INVESTED CAPITAL            
LT DEBT/INVESTED CAPITAL            
TAX RATE            
DEPRECIATION / FIXED ASSETS            
Revenue growth rate            

 

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