ructing a pro pro forma balance sheet) Use the following industry average ratios, E, to construct a pro forma balance sheet The company's cost of goods sold is $ 3502200. (Round to the nearest dollar.) The company's total assets are $ 2138095. (Round to the nearest dollar.) The company's fixed assets are $ 880392. (Round to the nearest dollar.) The company's accounts receivable is $ 109482. (Round to the nearest dollar.) The company's inventories are $ 1297111. (Round to the nearest dollar.) The company's current liabilities are $ 546827. (Round to the nearest dollar.) The company's total liabilities are $ 1004905. (Round to the nearest dollar.) Complete Mendoza Distributors' balance sheet below: (Round to the nearest dollar.) Mendoza Distributors Pro Forma Balance Sheet Cash Accounts receivable nventory Net fixed assets Total $ $ Current liabilities Long-term debt Total liabilities Common equity Total $ $ $ for Mendoza Distributors, Inc. Data table Total asset turnover Average collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit) Print 2.1 times 8.9 days 5.1 times 2.7 times Cost of goods sold Debt ratio (Click on the icon in order to copy its contents into a spreadsheet.) Done 2.3 times $4.49 million 78% of sales 47%
ructing a pro pro forma balance sheet) Use the following industry average ratios, E, to construct a pro forma balance sheet The company's cost of goods sold is $ 3502200. (Round to the nearest dollar.) The company's total assets are $ 2138095. (Round to the nearest dollar.) The company's fixed assets are $ 880392. (Round to the nearest dollar.) The company's accounts receivable is $ 109482. (Round to the nearest dollar.) The company's inventories are $ 1297111. (Round to the nearest dollar.) The company's current liabilities are $ 546827. (Round to the nearest dollar.) The company's total liabilities are $ 1004905. (Round to the nearest dollar.) Complete Mendoza Distributors' balance sheet below: (Round to the nearest dollar.) Mendoza Distributors Pro Forma Balance Sheet Cash Accounts receivable nventory Net fixed assets Total $ $ Current liabilities Long-term debt Total liabilities Common equity Total $ $ $ for Mendoza Distributors, Inc. Data table Total asset turnover Average collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit) Print 2.1 times 8.9 days 5.1 times 2.7 times Cost of goods sold Debt ratio (Click on the icon in order to copy its contents into a spreadsheet.) Done 2.3 times $4.49 million 78% of sales 47%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:(Constructing a pro forma balance sheet) Use the following industry average ratios,, to
The company's cost of goods sold is $ 3502200. (Round to the nearest dollar.)
The company's total assets are $ 2138095. (Round to the nearest dollar.)
The company's fixed assets are $ 880392. (Round to the nearest dollar.)
The company's accounts receivable is $109482. (Round to the nearest dollar.)
The company's inventories are $ 1297111. (Round to the nearest dollar.)
The company's current liabilities are $ 546827. (Round to the nearest dollar.)
The company's total liabilities are $ 1004905. (Round to the nearest dollar.)
Complete Mendoza Distributors' balance sheet below: (Round to the nearest dollar.)
Mendoza Distributors
Pro Forma Balance Sheet
Cash
Accounts receivable
Inventory
Net fixed assets
Total
$
$
Current liabilities
Long-term debt
Total liabilities
Common equity
Total
$
$
to construct a
$
construct a pro
pro forma balance sheet, i, for Mendoza Distributors, Inc.
forma
balance
sheet,
C
Data table
Total asset turnover
Average collection period (assume a 365-day
year)
Fixed asset turnover
Inventory turnover (based on cost of goods sold)
Current ratio
Sales (all on credit)
Cost of goods sold
Debt ratio
(Click on the icon in order to copy its contents into a spreadsheet.)
Print
2.1 times
8.9 days
5.1 times
2.7 times
2.3 times
$4.49 million
Done
78% of sales
47%
-
X
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