Pro forma balance sheet construction - use the following


Pro forma balance sheet construction - Use the following industry average ratios to construct a pro forma balance sheet, for Carlos Menza, Inc.

Total asset turnover                                                          1.7 times

Average Collection period (assume a 365-day year)   9.2 days

Fixed asset turnover                                                          5.3 times

Inventory turnover (based on cost of goods sold)       2.6 times

Current ratio                                                                       1.5 times

Sales (all on credit)                                                            $3.75 million

Cost of goods sold                                                              75% of sales

Debt ratio                                                                             49%

The company's cost of goods sold it$_____________ (Round to the nearest dollar).

The company's total assets are $_____________ (Round to the nearest dollar).

The company's fixed assets are $_____________ (Round to the nearest dollar).

The company's accounts receivable is $_____________ (Round to the nearest dollar).

The company's inventories are $_____________ (Round to the nearest dollar).

The company's current liabilities are $_____________ (Round to the nearest dollar).

The company's total liabilities are $_____________ (Round to the nearest dollar).

Cash $                                                    Current liabilities $

Accounts receivable $                         Long-term Debt $

Inventory                                               Total liabilities $

Net fixed assets $                                 Common Equity $

Total $                                                     Total $

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Financial Accounting: Pro forma balance sheet construction - use the following
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