Given the following additional information, you are required to develop a pro forma balance sheet for Suria Moden Bhd: Sales in 2015 are projected to increase by 15 percent. The company was operating at full capacity in 2014. The net profit margin and dividend payout ratio in 2015 are expected to remain the same as in 2014, Any required additional financing will be absorbed through notes payable. (0) H) ii) Iv)
Given the following additional information, you are required to develop a pro forma balance sheet for Suria Moden Bhd: Sales in 2015 are projected to increase by 15 percent. The company was operating at full capacity in 2014. The net profit margin and dividend payout ratio in 2015 are expected to remain the same as in 2014, Any required additional financing will be absorbed through notes payable. (0) H) ii) Iv)
Survey of Accounting (Accounting I)
8th Edition
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Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
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Problem 8.1.1MBA
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![i)
Income Statement for the year ended December 31, 2014 (RM-000)
32,500
28.440
4,060
460
3,600
1,440
2,160
972
1,188
iv)
Sales
Operating Costs
Earnings before interest and taxes (EBIT)
Interest
Earnings before taxes (EBT)
Taxes (40%)
Net Income
Given the following additional information, you are required to develop a pro forma
balance sheet for Suria Moden Bhd:
Dividends (45%)
Addition to retained earnings
Sales in 2015 are projected to increase by 15 percent
The company was operating at full capacity in 2014.
The net profit margin and dividend payout ratio in 2015 are expected to
remain the same as in 2014.
Any required additional financing will be absorbed through notes payable.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffc42a076-5c06-46af-a63c-d94f125ca0b9%2F3983282c-40c1-4c9d-b522-a09d505a6924%2F40jtvnk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:i)
Income Statement for the year ended December 31, 2014 (RM-000)
32,500
28.440
4,060
460
3,600
1,440
2,160
972
1,188
iv)
Sales
Operating Costs
Earnings before interest and taxes (EBIT)
Interest
Earnings before taxes (EBT)
Taxes (40%)
Net Income
Given the following additional information, you are required to develop a pro forma
balance sheet for Suria Moden Bhd:
Dividends (45%)
Addition to retained earnings
Sales in 2015 are projected to increase by 15 percent
The company was operating at full capacity in 2014.
The net profit margin and dividend payout ratio in 2015 are expected to
remain the same as in 2014.
Any required additional financing will be absorbed through notes payable.
![QUESTION 5
Sutra Moden Bhd's 2014 financial statements are as follow:
Balance Sheet as at December 31, 2014 (RM'000)
Cash
Accounts Receivable
Inventories
Net fixed assets
Total assets
Accounts payable
Accruals
Notes Payable
Mortgage bonds
Common stocks
Retained Earnings
Total Liabilities and Equity
40
1,080
6,480
8,000
10,500
26,060
3,000
2,500
2,100
3,000
3,000
12,460
26,060](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffc42a076-5c06-46af-a63c-d94f125ca0b9%2F3983282c-40c1-4c9d-b522-a09d505a6924%2Fl8gerb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 5
Sutra Moden Bhd's 2014 financial statements are as follow:
Balance Sheet as at December 31, 2014 (RM'000)
Cash
Accounts Receivable
Inventories
Net fixed assets
Total assets
Accounts payable
Accruals
Notes Payable
Mortgage bonds
Common stocks
Retained Earnings
Total Liabilities and Equity
40
1,080
6,480
8,000
10,500
26,060
3,000
2,500
2,100
3,000
3,000
12,460
26,060
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