Given the following pro forma balance sheet, what is the external financing needed? ASSETS Current Assets Pro Forma Cash 7,000 Accounts receivable 15,000 Inventory 12,000 Total CA 34,000 Fixed Assets Net plant & equipment 60,000 Total Assets 94,000 LIABILITIES & EQUITY Current Liabilities Accounts Payable 6,000 Notes Payable 7,500 Total CL 13,500 Long-term debt 19,500 Owners' equity Common stock 30,000 Retained earnings 15,000 Total 45,000 Total Liabilities & Equity 78,000 O $15,000 O $16,000 O $20,500 O $60,000

Given the following pro forma balance sheet, what is the external financing needed? ASSETS Current Assets Pro Forma Cash 7,000 Accounts receivable 15,000 Inventory 12,000 Total CA 34,000 Fixed Assets Net plant & equipment 60,000 Total Assets 94,000 LIABILITIES & EQUITY Current Liabilities Accounts Payable 6,000 Notes Payable 7,500 Total CL 13,500 Long-term debt 19,500 Owners' equity Common stock 30,000 Retained earnings 15,000 Total 45,000 Total Liabilities & Equity 78,000 O $15,000 O $16,000 O $20,500 O $60,000

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter12: Valuation: Cash-flow Based Approaches

Section: Chapter Questions

Problem 2BIC

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