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Current Attempt in Progress Empire Enterprises: Pro Forma Income Statement and Balance Sheet ($ millions) EXHIBIT...
QUESDIO View Policies Current Attempt in Progress EXHIBIT 19.10 Empire Enterprises: Pro Forma Income Statement and...
QUESDIO View Policies Current Attempt in Progress EXHIBIT 19.10 Empire Enterprises: Pro Forma Income Statement and Balance Sheet ($ millions) The pro forma balance sheet for Empire Enterprises does not balance, and the difference is the amount of EFN. Because the company's board does not wish to issue common stock, the funding will have to take the form of long-term debt. Income Statement (Pro Forma) Net sales $120.0 Costs 180.0 Net income $ 12.0 Dividends $ 7.2 Addition to retained...
Pro forma Income Statement 6-8. The balance sheet of Free Enterprises, Inc., at the end of...
Pro forma Income Statement 6-8. The balance sheet of Free Enterprises, Inc., at the end of 2018 follows. Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Fixed Assets Total Assets Free Enterprises, Inc. Balance Sheet, Dec. 31, 2018 (Thousands of Dollars) Liabilities + Equity $ 4,000 Accounts Payable $ 4,400 10.000 Notes Payable 4,000 13,000 Accrued Expenses 5,000 400 Total Current Liabilities 13,400 27,400 Bonds Payable 6,000 11,000 Common Equity 19,000 $ 38,400 Total Liabilities and Equity $...
This exercise involves creating a pro forma Balance Sheet and a pro forma Income Statement for...
This exercise involves creating a pro forma Balance Sheet and a pro forma Income Statement for JetBlue Inc. To assist you in this endeavor, a worksheet containing JetBlue’s 2011 Income Statement and Balance Sheet has been provided. Develop the two pro forma financial statements for 2012 based upon the following assumptions. The company plans to increase sales by an additional 10 percent in 2012 due to minor price increases. In addition,the firm plans to launch a massive marketing campaign in...
Pro forma Income Statement & Balance Sheet for Radial Inc. This exper...
Pro forma Income Statement & Balance Sheet for Radial Inc. This experiential exercise involves creating a pro forma Balance Sheet and a pro forma Income Statement for Radial Inc. Assume the current year is 2015. To assist you in this endeavor, an Excel worksheet containing Radial's 2014 Income Statement and Balance Sheet has been provided. Develop the two pro forma financial statements for 2015 based upon the following assumptions: The company plans to increase sales by an additional 2 percent...
1a. Pro Forma Income Statement Prepare a pro forma income statement and balance sheet for Thibodaux...
1a. Pro Forma Income Statement Prepare a pro forma income statement and balance sheet for Thibodaux Inc. for 2020. For the Pro Forma Income Statement 2020: SALES = increase of 18.25% over 2019, 2019 Sales were $6,765,328 Gross Profit margin 60%, There are No Preferred Stock, OTHER EXP $1,500,000, Depreciation $500,000, Interest $600,000, Taxes 50%, Common Stock Dividend Payout Ratio 40% of Net Income 2019 Pro Forma IS 2020 Pro Forma IS Thibodaux Inc. Thibodaux Inc. Sales $6,765,328 $8,000,000 Cost...
Using the following income statement and balance sheet, create a pro-forma income statement and balance sheet....
Using the following income statement and balance sheet, create a pro-forma income statement and balance sheet. Assume a growth rate of 30%, and that the tax rate and dividend payout remain constant. Costs, assets, and accounts payable vary with sales, but the others do not, and the company is operating at 100% capacity. Use this information to answer the first 5 questions: HOFFMAN COMPANY Income Statement Sales 52,000.00 Costs 41,080.00 Taxable Income 10,920.00 Taxes (32%) 3,494.00 Net Income 7,426.00 Dividends...
Dahlia Colby, CFO of Charming Florist Ltd., has created the firm's pro forma balance sheet for...
Dahlia Colby, CFO of Charming Florist Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $440 million. Current assets, fixed assets, and short-term debt are 20 percent, 80 percent, and 10 percent of sales, respectively. Charming Florist pays out 30 percent of its net income in dividends. The company currently has $122 million of long-term debt and $50 million in common stock par value. The profit...
Construct Albert Retail Co's Pro Forma Income Statement and Balance Sheet for Years 1 to 3...
Construct Albert Retail Co's Pro Forma Income Statement and Balance Sheet for Years 1 to 3 under the following policies: COGS+SG&A+Depreciation = 60% of Revenue Dividend Payout = 50% Current Assets = 40% of Revenue Net Fixed Assets = 60% of Revenue Current Liabilities = 70% of Current Assets Corporate Tax Rate = 21% Year 0 (2018) 1 2 3 Revenue 150.0 195.0 253.5 253.5 COGS+SG&A+Depreciation 90.0 EBIT 60.0 Tax (21%) 12.6 Net Income 47.4 Dividends 23.7 Addition...
Consider the following income statement for the Heir Jordan Corporation: The balance sheet for the Heir...
Consider the following income statement for the Heir Jordan
Corporation:
The balance sheet for the Heir Jordan Corporation
follows.
Prepare a pro forma balance sheet, assuming a sales
increase of 15 percent, no new external debt or equity financing,
and a constant payout ratio. (Do not round intermediate
calculations and round your answers to 2 decimal places, e.g.,
32.16.)
Calculate the EFN. (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations
and round your...
Pro forma balance sheet: Basic Leonard Industries wishes to prepare a pro forma balance sheet for...
Pro forma balance sheet: Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered: (1) A minimum cash balance of $50,000 is desired. (2) Marketable securities are expected to remain unchanged. (3) Accounts receivable represent 10% of sales. (4) Inventories represent 12% of sales. (5) A new machine costing $90,000 will be acquired during 2020. Total deprecia- tion for the year...
QUESDIO View Policies Current Attempt in Progress EXHIBIT 19.10 Empire Enterprises: Pro Forma Income Statement and Balance Sheet ($ millions) The pro forma balance sheet for Empire Enterprises does not balance, and the difference is the amount of EFN. Because the company's board does not wish to issue common stock, the funding will have to take the form of long-term debt. Income Statement (Pro Forma) Net sales $120.0 Costs 180.0 Net income $ 12.0 Dividends $ 7.2 Addition to retained...
Pro forma Income Statement 6-8. The balance sheet of Free Enterprises, Inc., at the end of 2018 follows. Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Fixed Assets Total Assets Free Enterprises, Inc. Balance Sheet, Dec. 31, 2018 (Thousands of Dollars) Liabilities + Equity $ 4,000 Accounts Payable $ 4,400 10.000 Notes Payable 4,000 13,000 Accrued Expenses 5,000 400 Total Current Liabilities 13,400 27,400 Bonds Payable 6,000 11,000 Common Equity 19,000 $ 38,400 Total Liabilities and Equity $...
Using the following income statement and balance sheet, create a pro-forma income statement and balance sheet. Assume a growth rate of 30%, and that the tax rate and dividend payout remain constant. Costs, assets, and accounts payable vary with sales, but the others do not, and the company is operating at 100% capacity. Use this information to answer the first 5 questions: HOFFMAN COMPANY Income Statement Sales 52,000.00 Costs 41,080.00 Taxable Income 10,920.00 Taxes (32%) 3,494.00 Net Income 7,426.00 Dividends...
Dahlia Colby, CFO of Charming Florist Ltd., has created the firm's pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $440 million. Current assets, fixed assets, and short-term debt are 20 percent, 80 percent, and 10 percent of sales, respectively. Charming Florist pays out 30 percent of its net income in dividends. The company currently has $122 million of long-term debt and $50 million in common stock par value. The profit...
Consider the following income statement for the Heir Jordan
Corporation:
The balance sheet for the Heir Jordan Corporation
follows.
Prepare a pro forma balance sheet, assuming a sales
increase of 15 percent, no new external debt or equity financing,
and a constant payout ratio. (Do not round intermediate
calculations and round your answers to 2 decimal places, e.g.,
32.16.)
Calculate the EFN. (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations
and round your...
Pro forma balance sheet: Basic Leonard Industries wishes to prepare a pro forma balance sheet for December 31, 2020. The firm expects 2020 sales to total $3,000,000. The following information has been gathered: (1) A minimum cash balance of $50,000 is desired. (2) Marketable securities are expected to remain unchanged. (3) Accounts receivable represent 10% of sales. (4) Inventories represent 12% of sales. (5) A new machine costing $90,000 will be acquired during 2020. Total deprecia- tion for the year...
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