Forecasted current asset =101524*112% =1137607
Forecasted current liability=85265*112% =95497
NWC =CA-CL =18,210
For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales a...
Current year sales are $850,000, and total expenses are $812,000. If sales are forecasted to increase 11% next year, and all expenses vary proportionally with sales, what is forecasted net income next year? A.) $38,000 B.) $42,180 C.) $901,320 D.) $943,500
TABLE 1 Sales $47,000 Current assets of $ 5,100, Current liabilities $ 6,200, Cost 44,650 Net fixed assets of $51,500 Owners Equity 50, 400 Net Income 2,350 56,600 Owners Equ & Liab. 56,600 Sales are expected to increase by 3 percent next year. Net Income, that is, Net Profit Margin (NPM) is 5% of Sales. The firm has no long term debt and does not plan on acquiring any. The firm does not pay any dividends...
A firm has sales of $63,000, current assets of $13,000, current liabilities of $14,500, net fixed assets of $74,000, and a profit margin of 7.50%. The firm has no long-term debt and does not plan on acquiring any. The firm does not pay any dividends. Sales are expected to increase by 4% next year. If all assets, short-term liabilities, and costs vary directly with sales, how much additional equity financing is required for next year? A. $4,914 B. $2,000 C....
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...
I need answer and solution (1 of 10) A company has the following information for the current year: Current assets Noncurrent assets Total assets $42,500 Current liabilities 224,000 Noncurrent liabilities $266,500 Retained earnings All other equity Total liabilities and equity $24,650 173,200 19,475 49,175 $266,500 Sales revenue is forecasted to grow by 11% next year, forecasted net income is expected to be $30,000, and all current assets and current liabilities vary proportionally with sales. If $45,000 worth of net noncurrent...
Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current Assets 1,000.00 $1,089.00 Current Liabilities $402.00 $451.00 Net Fixed Assets 4,144.00 $4,990.00Long-term Debt $2,190.00 $2,329.00 Income Statement 2015 12,751.00 $5,946.00 Depreciation1,136.00 Interest Paid$323.00 Sales Costs 1, What is owners' equity for 2014 and 2015? 2. What is the change in net working capital for 2015? 3, Assume that the company purchased $2,080 in new fixed assets in 2015, Assume the tax rate is 35% o How much in fixed assets...
At the beginning of the year, a firm has current assets of $16,200 and current liabilities of $13,280. At the end of the year, the current assets are $14,800 and the current liabilities are $14,210. What is the change in net working capital? ?$470 ?$50 $470 ?$2,330 $2,330
budget for "Next Year" using the"% of Sales" method. Construct a Sales Revenues" for "Next Year" are forecasted to be $1200. Use "Current Liabilities" as the "plug " This Year %of SalesNext Year S 1,000 500 500 200 300 100 200 Sales Revenues Cost of Goods Sold Gross Margin Operating Expenses Eamings Before Interest & Taxes Interest Expense Earnings Before Taxes Income Taxes (at 50%) Net Income S 100 S 950 100 50 S 1,000 Beginning Retained Earnings Net Income...
The Nelson Company has $1,400,000 in current assets and $500,000 in current liabilities. Its initial inventory level is $350,000, and it will raise funds as additional notes payable and use them to increase inventory. 1. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.4? Round your answer to the nearest cent. $________ 2. What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer...
TABLE 1 Sales $47,000Current assets of $ 5,100,Current liabilities $ 6,200, Cost 44,650Net fixed assets of $51,500Owners Equity 50, 400 Net Income 2,35056,600Owners Equ & Liab. 56,600Sales are expected to increase by 3 percent next year. Net Income, that is, Net Profit Margin (NPM) is 5% of Sales. The firm has no long term debt and does not plan on acquiring any. The firm does not pay any dividends and all assets, short term liabilities, and costs vary directly with...