The mast recent thandal staiements for Crosby, Inc, tallow Interest expense wll remoin constant the ter capacty and the debl-equty ralo b held constent 770,000 626,000 32,500 Gasts Eamings bclore Intarest and toxeS Interest pod $111,5D0 16,800 1% Taxsble Incom Taes (2296 94,700 20,834 Net Incom 두73,866 dends ddon to retained eamings $32,940 SR6 Balance Sheet as of December 31, 2017 Equlty Current asses Current ilabilities 64,200 Cash Accounts recavabie s 25,940 Accounts payable 35,430 Notes payable 19,700 3 83,900 $118,000 Inventory $133,420 Long-term debt Owners' equity Fbed assets Common stock and pald-in surplus $113,000 45,520 5158,520 5360,420 Total ilablities and owners equity 360,420 Net plant and equipment 227,000 Retained eamings Total Total asses Complete the pro forme income statements below. (Do not round Intermediate calculations. Round your ancwerc to the nearect whole dollar amount.) Pro Forma Inoome Statement 1096 Balec Growth | 1696 Balecarowth | 40% Balec arowth 07,800 Bales Costs Other expenses 847.000 E88,E0O 719,800 876.40 28.22 E Interest psd Taable Income 29 300 Net Income vdends hdd to RE 0%

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
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The
mast recent thandal staiements for Crosby, Inc, tallow Interest expense wll remoin constant the ter
capacty and the debl-equty ralo b held constent
770,000
626,000
32,500
Gasts
Eamings bclore Intarest and toxeS
Interest pod
$111,5D0
16,800
1%
Taxsble Incom
Taes (2296
94,700
20,834
Net Incom
두73,866
dends
ddon to retained eamings
$32,940
SR6
Balance Sheet as of December 31, 2017
Equlty
Current asses
Current ilabilities
64,200
Cash
Accounts recavabie
s 25,940 Accounts payable
35,430 Notes payable
19,700
3 83,900
$118,000
Inventory
$133,420
Long-term debt
Owners' equity
Fbed assets
Common stock and pald-in surplus
$113,000
45,520
5158,520
5360,420 Total ilablities and owners equity 360,420
Net plant and equipment 227,000 Retained eamings
Total
Total asses
Complete the pro forme income statements below. (Do not round Intermediate calculations. Round your
ancwerc to the nearect whole dollar amount.)
Pro Forma Inoome Statement
1096 Balec Growth | 1696 Balecarowth | 40% Balec arowth
07,800
Bales
Costs
Other expenses
847.000
E88,E0O
719,800
876.40
28.22 E
Interest psd
Taable Income
29 300
Net Income
vdends
hdd to RE
0%
Transcribed Image Text:The mast recent thandal staiements for Crosby, Inc, tallow Interest expense wll remoin constant the ter capacty and the debl-equty ralo b held constent 770,000 626,000 32,500 Gasts Eamings bclore Intarest and toxeS Interest pod $111,5D0 16,800 1% Taxsble Incom Taes (2296 94,700 20,834 Net Incom 두73,866 dends ddon to retained eamings $32,940 SR6 Balance Sheet as of December 31, 2017 Equlty Current asses Current ilabilities 64,200 Cash Accounts recavabie s 25,940 Accounts payable 35,430 Notes payable 19,700 3 83,900 $118,000 Inventory $133,420 Long-term debt Owners' equity Fbed assets Common stock and pald-in surplus $113,000 45,520 5158,520 5360,420 Total ilablities and owners equity 360,420 Net plant and equipment 227,000 Retained eamings Total Total asses Complete the pro forme income statements below. (Do not round Intermediate calculations. Round your ancwerc to the nearect whole dollar amount.) Pro Forma Inoome Statement 1096 Balec Growth | 1696 Balecarowth | 40% Balec arowth 07,800 Bales Costs Other expenses 847.000 E88,E0O 719,800 876.40 28.22 E Interest psd Taable Income 29 300 Net Income vdends hdd to RE 0%
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