Exercises #2-#5 – The most recent financial statements for Bradley, Inc. are shown below (assuming no...
Exercises #2-#5 – The most recent financial statements for Bradley, Inc. are shown below (assuming no income taxes) see attachment.
| Income Statement | Balance Sheet | |||||||||
| Sales | 6,500 | Assets | 17,400 | Debt | 8,400 | |||||
| Costs | 5,320 | Equity | 9,000 | |||||||
| NI | 1,180 | Total | 17,400 | Total | 17,400 | |||||
| Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $7,280. Construct the pro forma statements and answer the following questions based on the pro-formas: | |||||||||
| Exercise #2 – Net Income = $ | 0 | ||||||||
| Exercise #3 – Total Assets = $ | 0 | ||||||||
| Exercise #4 – Equity = $ | 0 | ||||||||
| Exercise #5 – The External Financing Needed = $ | |||||||||
Homework Answers
| Income Statement: | |||
| Sales | 7280 | ||
| Less:costs | 5958.4 | (5320*7280/6500) | |
| NI | 1321.6 | ||
| Balance Sheet: | |||
| Assets | 19488 | Debt | 8400 |
| (17400*7280/6500) | Equity | 9000 | |
| RE (or NI) | 1321.6 | ||
| External Financing Needed | 766.4 | ||
| TOTAL | 19488 | TOTAL | 19488 |
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Exercises #2-#5 – The most recent financial statements for Bradley, Inc. are shown below (assuming no...
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