FY23 Finances Growth Assumptions Income Statement Balance Sheet Step 1 Step 2 Step 3 Current Assets Cash Accounts Receivable Inventory Total Current Assets FY23 FY24 FY23 Materials FY24 Current Liabilities $627,337 $708, 891 Accounts Payable $927,337 $1,047,891 $677,337 $765,391 Notes Payable $1,354,674 $1,530,782 $903, 116 $1,020,521 Total Current Liabilities $2,282,011 $2,578,673 $2,207,790 $2,494,803 Long-Term Debt $3,000,000 $3,000,000 EFN Fixed Assets Net Plant & Equipment $8,515,579 $11,515,579 Shareholder Equity Common Stock $600,000 $600,000 Retained Earnings $4,841,358 $5,462,299 Total Equity $5,441,358 $6,062,299 Total Assets $10,723,369 $14,010,382 Total Liabilities & Equity $10,723,369 $11,640,972
FY23 Finances Growth Assumptions Income Statement Balance Sheet Step 1 Step 2 Step 3 Current Assets Cash Accounts Receivable Inventory Total Current Assets FY23 FY24 FY23 Materials FY24 Current Liabilities $627,337 $708, 891 Accounts Payable $927,337 $1,047,891 $677,337 $765,391 Notes Payable $1,354,674 $1,530,782 $903, 116 $1,020,521 Total Current Liabilities $2,282,011 $2,578,673 $2,207,790 $2,494,803 Long-Term Debt $3,000,000 $3,000,000 EFN Fixed Assets Net Plant & Equipment $8,515,579 $11,515,579 Shareholder Equity Common Stock $600,000 $600,000 Retained Earnings $4,841,358 $5,462,299 Total Equity $5,441,358 $6,062,299 Total Assets $10,723,369 $14,010,382 Total Liabilities & Equity $10,723,369 $11,640,972
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Calculate the EFN, external financing needed.
Transcribed Image Text:FY23 Finances
Growth Assumptions Income Statement Balance Sheet
Step 1
Step 2
Step 3
Current Assets
Cash
Accounts Receivable
Inventory
Total Current Assets
FY23
FY24
FY23
Materials
FY24
Current Liabilities
$627,337
$708, 891
Accounts Payable
$927,337
$1,047,891
$677,337
$765,391
Notes Payable
$1,354,674
$1,530,782
$903, 116
$1,020,521
Total Current Liabilities
$2,282,011
$2,578,673
$2,207,790
$2,494,803 Long-Term Debt
$3,000,000
$3,000,000
EFN
Fixed Assets
Net Plant & Equipment
$8,515,579
$11,515,579 Shareholder Equity
Common Stock
$600,000
$600,000
Retained Earnings
$4,841,358
$5,462,299
Total Equity
$5,441,358
$6,062,299
Total Assets
$10,723,369
$14,010,382 Total Liabilities & Equity
$10,723,369
$11,640,972
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