A - million = $0 Increased retained earnings = NI-D...

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1.) A Pro forma balance sheet Cash - $200,000 Accounts Payable $600,000 Accounts receivable - $400,000 notes payable $500,000 Inventories - $1, 200, 000 current liabilities $1,100,000 Total Current assets - $1,800, 000 long-term debt $200,000 Fixed assets, net - $500,000 stockholders equity $1 million Total assets = $2,300,000 total liabilities and equity $2,300,000 Total financing needed = A/S (AS) $2,300,000 /$4 million *$6 million – CL/S (AS) $2,300,000/$4 million * $6
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Unformatted text preview: million = $0 Increased retained earnings = NI-D $400,000 - $50,000 = $350,000 Additional financing needed or plug figure= [A/S (AS) - CL/S (AS)]-[NI-D] $0-$350,000= $350,000 Plug Figure= $350,000 Income Statement for the Year Ending December 31, 2005 Sales - $4,000 Expenses, including interest and taxes - $3,700,000 Net income - $300,000...
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This note was uploaded on 08/11/2008 for the course FINANCE 200 taught by Professor Zeke during the Spring '08 term at University of Phoenix.

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