Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Costs Other expenses EBIT Assets Interest Taxable income Taxes (35%) Net income Dividends Add. to RE Current assets Cash Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income 30 % Sales Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Accounts receivable Inventory Total Total assets $ 25,800 41,200 87,400 $154,400 Fixed assets Net plant and equipment EFN $400,000 $554,400 Assets Calculate the EFN for 30% growth rates. 30% $ Complete the pro forma statement of financial position below. Complete the pro forma statement of financial position below. Growth $ Current liabilities Accounts payable Notes payable Total S Long-term debt Owners' equity Common stock and paid-in surplus. Retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ Liabilities and Owners' Equity Nuesca Holidays Inc. Pro Forma Statement of Financial Position $ 68,500 17,500 $ 86,000 $100,000 $100,000 268,400 $368,400 $554,400 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Liabilities and Owners' Equity Total liabilities and owners' equity $ $ $ $ S $ $ $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Costs Other expenses EBIT Assets Interest Taxable income Taxes (35%) Net income Dividends Add. to RE Current assets Cash Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income 30 % Sales Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Accounts receivable Inventory Total Total assets $ 25,800 41,200 87,400 $154,400 Fixed assets Net plant and equipment EFN $400,000 $554,400 Assets Calculate the EFN for 30% growth rates. 30% $ Complete the pro forma statement of financial position below. Complete the pro forma statement of financial position below. Growth $ Current liabilities Accounts payable Notes payable Total S Long-term debt Owners' equity Common stock and paid-in surplus. Retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ Liabilities and Owners' Equity Nuesca Holidays Inc. Pro Forma Statement of Financial Position $ 68,500 17,500 $ 86,000 $100,000 $100,000 268,400 $368,400 $554,400 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Liabilities and Owners' Equity Total liabilities and owners' equity $ $ $ $ S $ $ $

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