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1. The Additional Funds Needed (AFN) equation Green Moose Company has the following end-of-year balance sheet:...
2. The Additional Funds Needed (AFN) equation Green Moose Industries has the following end-of-year balance sheet:...
2. The Additional Funds Needed (AFN) equation Green Moose Industries has the following end-of-year balance sheet: Green Moose Industries Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Accounts payable $250,000 Cash and equivalents Accounts receivable Accrued liabilities 150,000 $150,000 400,000 350,000 $900,000 Inventories Notes payable Total Current Liabilities Long-Term Bonds Total Debt 100,000 $500,000 1,000,000 Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) $2,100,000 $1,500,000 Common Equity Common...
The Additional Funds Needed (AFN) equation
Green Moose Company has the following end-of-year balance sheet:Green Moose Company Balance Sheet For the Year Ended on December 31AssetsLiabilitiesCurrent Assets:Current Liabilities:Cash and equivalents$150,000Accounts payable$250,000Accounts receivable400,000Accrued liabilities150,000Inventories350,000Notes payable100,000Total Current Assets$900,000Total Current Liabilities$500,000Net Fixed Assets:Long-Term Bonds1,000,000Net plant and equipment$2,100,000Total Debt$1,500,000(cost minus depreciation)Common EquityCommon stock800,000Retained earnings700,000Total Common Equity$1,500,000Total Assets$3,000,000Total Liabilities and Equity$3,000,000The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Green Moose Company generated $350,000 net...
Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets:...
Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents Accounts receivable $150,000 400,000 350,000 $900,000 Inventories Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) Accounts payable Accrued liabilities Notes payable Total Current Liabilities Long-Term Bonds Total Debt $250,000 150,000 100,000 $500,000 1,000,000 $1,500,000 $2,100,000 800,000 Common Equity Common stock Retained earnings Total Common Equity Total Liabilities and Equity 700,000 $1,500,000 $3,000,000 Total Assets...
1. The Additional Funds Needed (AFN) equation Blue Elk Manufacturing has the following end-of-year balance sheet:...
1. The Additional Funds Needed (AFN) equation Blue Elk Manufacturing has the following end-of-year balance sheet: Blue Elk Manufacturing Balance Sheet For the Year Ended on December 31 Liabilities Assets Current Assets: Current Liablities: Accounts payable Cash and equivalents $150,000 $250,000 Accounts receivable Accrued liabilities 400,000 150,000 Notes payable 350,000 Inventories 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets: Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt $1,500,000 (cost minus depreciation) Common Equity Common...
3. The Additional Funds Needed (AFN) equation Bohemian Manufacturing Company has the following end-of-year balance sheet:...
3. The Additional Funds Needed (AFN) equation Bohemian Manufacturing Company has the following end-of-year balance sheet: Bohemian Manufacturing Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $250,000 Accounts receivable $150,000 400,000 350,000 $900,000 Accounts payable Accrued liabilities Notes payable 150,000 Inventories Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) Total Current Liabilities Long-Term Bonds Total Debt 100,000 $500,000 1,000,000 $1,500,000 $2,100,000 Common Equity Common...
Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green Caterpillar Garden Supplies Inc....
Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green Caterpillar Garden Supplies Inc. Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities Cash and equivalents Accounts receivable Inventories 150,000 Accounts payable $250,000 150,000 100,000 $500,000 1,000,000 $1,500,000 400,000 350,000 $900,000 Accrued liabilities Notes payable Total Current Assets Total Current Liabilities Net Fixed Assets: Long-Term Bonds Net plant and equipment (cost minus depreciation) $2,100,000 Total Debt Common Equity Common stock 800,000 700,000...
Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green Caterpillar Garden Supplies Inc....
Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green Caterpillar Garden Supplies Inc. Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $150,000 Accounts payable Accounts receivable 400,000 Accrued liabilities Inventories 350,000 Notes payable Total Current Assets $900,000 Total Current Liabilities Net Fixed Assets: Long-Term Bonds Net plant and equipment $2,100,000 Total Debt (cost minus depreciation) Common Equity Common stock Retained eamings Total Common Equity Total Assets $3,000,000...
Blue Elk Manufacturing has the following end-of-year balance sheet: Blue Elk Manufacturing Balance Sheet For the...
Blue Elk Manufacturing has the following end-of-year balance sheet: Blue Elk Manufacturing Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets: Long-Term Bonds 1,000,000 Net plant and equipment(cost minus depreciation) $2,100,000 Total Debt $1,500,000 Common Equity Common stock 800,000 Retained earnings 700,000 Total Common Equity...
Cold Duck Manufacturing Inc. has the following end-of-year balance sheet: Cold Duck Manufacturing Inc. Balance Sheet...
Cold Duck Manufacturing Inc. has the following end-of-year balance sheet: Cold Duck Manufacturing Inc. Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets: Long-Term Bonds 1,000,000 Net plant and equipment(cost minus depreciation) $2,100,000 Total Debt $1,500,000 Common Equity Common stock 800,000 Retained earnings 700,000 Total...
The firm is currently in the process of forecasting sales, asset requirements, and required funding for...
The firm is currently in the process of forecasting sales, asset
requirements, and required funding for the coming year. In the year
that just ended, Green Caterpillar Garden Supplies Inc. generated
$350,000 net income on sales of $12,500,000. The firm expects sales
to increase by 17% this coming year and also expects to maintain
its long-run dividend payout ratio of 35%.
Suppose Green Caterpillar Garden Supplies Inc.’s assets are
fully utilized. Use the additional funds needed (AFN) equation to
determine...
2. The Additional Funds Needed (AFN) equation Green Moose Industries has the following end-of-year balance sheet: Green Moose Industries Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Accounts payable $250,000 Cash and equivalents Accounts receivable Accrued liabilities 150,000 $150,000 400,000 350,000 $900,000 Inventories Notes payable Total Current Liabilities Long-Term Bonds Total Debt 100,000 $500,000 1,000,000 Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) $2,100,000 $1,500,000 Common Equity Common...
Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents Accounts receivable $150,000 400,000 350,000 $900,000 Inventories Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) Accounts payable Accrued liabilities Notes payable Total Current Liabilities Long-Term Bonds Total Debt $250,000 150,000 100,000 $500,000 1,000,000 $1,500,000 $2,100,000 800,000 Common Equity Common stock Retained earnings Total Common Equity Total Liabilities and Equity 700,000 $1,500,000 $3,000,000 Total Assets...
1. The Additional Funds Needed (AFN) equation Blue Elk Manufacturing has the following end-of-year balance sheet: Blue Elk Manufacturing Balance Sheet For the Year Ended on December 31 Liabilities Assets Current Assets: Current Liablities: Accounts payable Cash and equivalents $150,000 $250,000 Accounts receivable Accrued liabilities 400,000 150,000 Notes payable 350,000 Inventories 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets: Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt $1,500,000 (cost minus depreciation) Common Equity Common...
3. The Additional Funds Needed (AFN) equation Bohemian Manufacturing Company has the following end-of-year balance sheet: Bohemian Manufacturing Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $250,000 Accounts receivable $150,000 400,000 350,000 $900,000 Accounts payable Accrued liabilities Notes payable 150,000 Inventories Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) Total Current Liabilities Long-Term Bonds Total Debt 100,000 $500,000 1,000,000 $1,500,000 $2,100,000 Common Equity Common...
Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green Caterpillar Garden Supplies Inc. Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities Cash and equivalents Accounts receivable Inventories 150,000 Accounts payable $250,000 150,000 100,000 $500,000 1,000,000 $1,500,000 400,000 350,000 $900,000 Accrued liabilities Notes payable Total Current Assets Total Current Liabilities Net Fixed Assets: Long-Term Bonds Net plant and equipment (cost minus depreciation) $2,100,000 Total Debt Common Equity Common stock 800,000 700,000...
Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green Caterpillar Garden Supplies Inc. Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $150,000 Accounts payable Accounts receivable 400,000 Accrued liabilities Inventories 350,000 Notes payable Total Current Assets $900,000 Total Current Liabilities Net Fixed Assets: Long-Term Bonds Net plant and equipment $2,100,000 Total Debt (cost minus depreciation) Common Equity Common stock Retained eamings Total Common Equity Total Assets $3,000,000...
The firm is currently in the process of forecasting sales, asset
requirements, and required funding for the coming year. In the year
that just ended, Green Caterpillar Garden Supplies Inc. generated
$350,000 net income on sales of $12,500,000. The firm expects sales
to increase by 17% this coming year and also expects to maintain
its long-run dividend payout ratio of 35%.
Suppose Green Caterpillar Garden Supplies Inc.’s assets are
fully utilized. Use the additional funds needed (AFN) equation to
determine...
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