a. What is the projected value for earnings before interest and taxes? Do not round intermediate calculations. Round your answer to the nearest dollar. 2$ b. What is the projected value for pre-tax earnings? Do not round intermediate calculations. Round your answer to the nearest dollar. $ c. What is the projected net income? Do not round intermediate calculations. Round your answer to the nearest dollar. d. What is the projected addition to retained earnings? Do not round intermediate calculations. Round your answer to the nearest dollar. $ e. What is the projected value of total current assets? Do not round intermediate calculations. Round your answer to the nearest dollar. 2$ f. What is the projected value of total assets? Do not round intermediate calculations. Round your answer to the nearest dollar. $ g. What is the projected sum of accounts payable, accruals, and notes payable? Do not round intermediate calculations. Round your answer to the nearest dollar. 2$ h. What is the forecasted line of credit? Do not round intermediate calculations. Round your answer to the nearest dollar. $ 100
a. What is the projected value for earnings before interest and taxes? Do not round intermediate calculations. Round your answer to the nearest dollar. 2$ b. What is the projected value for pre-tax earnings? Do not round intermediate calculations. Round your answer to the nearest dollar. $ c. What is the projected net income? Do not round intermediate calculations. Round your answer to the nearest dollar. d. What is the projected addition to retained earnings? Do not round intermediate calculations. Round your answer to the nearest dollar. $ e. What is the projected value of total current assets? Do not round intermediate calculations. Round your answer to the nearest dollar. 2$ f. What is the projected value of total assets? Do not round intermediate calculations. Round your answer to the nearest dollar. $ g. What is the projected sum of accounts payable, accruals, and notes payable? Do not round intermediate calculations. Round your answer to the nearest dollar. 2$ h. What is the forecasted line of credit? Do not round intermediate calculations. Round your answer to the nearest dollar. $ 100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![a. What is the projected value for earnings before interest and taxes? Do not round intermediate calculations. Round your answer to the
nearest dollar.
$
b. What is the projected value for pre-tax earnings? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
c. What is the projected net income? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
d. What is the projected addition to retained earnings? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
e. What is the projected value of total current assets? Do not round intermediate calculations. Round your answer to the nearest dollar.
f. What is the projected value of total assets? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
g. What is the projected sum of accounts payable, accruals, and notes payable? Do not round intermediate calculations. Round your answer to
the nearest dollar.
$
h. What is the forecasted line of credit? Do not round intermediate calculations. Round your answer to the nearest dollar.
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F86076bb4-b01d-451d-ab06-62b9adbeb7d9%2Fdde9631b-d5dc-44f1-80cb-6f1c3ed38a65%2F0cmzsq5_processed.png&w=3840&q=75)
Transcribed Image Text:a. What is the projected value for earnings before interest and taxes? Do not round intermediate calculations. Round your answer to the
nearest dollar.
$
b. What is the projected value for pre-tax earnings? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
c. What is the projected net income? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
d. What is the projected addition to retained earnings? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
e. What is the projected value of total current assets? Do not round intermediate calculations. Round your answer to the nearest dollar.
f. What is the projected value of total assets? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
g. What is the projected sum of accounts payable, accruals, and notes payable? Do not round intermediate calculations. Round your answer to
the nearest dollar.
$
h. What is the forecasted line of credit? Do not round intermediate calculations. Round your answer to the nearest dollar.
$
![Balance Sheet as of December 31, 2021 (Thousands of Dollars)
Cash
$ 1,080
Accounts payable
$ 4,320
Receivables
6,480
Accruals
2,880
Inventories
9,000
Line of credit
Total current assets
$16,560
Notes payable
2,100
Net fixed assets
12,600
Total current liabilities
$ 9,300
Mortgage bonds
3,500
Common stock
3,500
Retained earnings
12,860
Total assets
$29,160
Total liabilities and equity
$29,160
Income Statement for December 31, 2021 (Thousands of Dollars)
Sales
$36,000
Operating costs
34,000
Earnings before interest and taxes
$ 2,000
Interest
160
Pre-tax earnings
$ 1,840
Taxes (25%)
460
Net income
$ 1,380
Dividends
552
Addition to retained earnings
2$
828](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F86076bb4-b01d-451d-ab06-62b9adbeb7d9%2Fdde9631b-d5dc-44f1-80cb-6f1c3ed38a65%2F17l8q1o_processed.png&w=3840&q=75)
Transcribed Image Text:Balance Sheet as of December 31, 2021 (Thousands of Dollars)
Cash
$ 1,080
Accounts payable
$ 4,320
Receivables
6,480
Accruals
2,880
Inventories
9,000
Line of credit
Total current assets
$16,560
Notes payable
2,100
Net fixed assets
12,600
Total current liabilities
$ 9,300
Mortgage bonds
3,500
Common stock
3,500
Retained earnings
12,860
Total assets
$29,160
Total liabilities and equity
$29,160
Income Statement for December 31, 2021 (Thousands of Dollars)
Sales
$36,000
Operating costs
34,000
Earnings before interest and taxes
$ 2,000
Interest
160
Pre-tax earnings
$ 1,840
Taxes (25%)
460
Net income
$ 1,380
Dividends
552
Addition to retained earnings
2$
828
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