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Assignment_01_Spreadsheet

Assignment_01_Spreadsheet - Set of Assumptions 1 HANDYMAN...

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Set of Assumptions 1 Page 1 HANDYMAN FORECAST ASSUMPTIONS Sales growth rate 40% Average colle New PPE n/a Days' sales in New long-term debt n/a Days' purchas Note: Because of rounding, Cash dividends $0 Fixed asset tu the displayed numbers do not Required current ratio 2.0 Depreciation l always reconcile exactly. Required debt ratio 0.8 Short-term int Long-term inte Gross profit p Other operatin Year Forecasted Forecasted Forecasted Forecasted BALANCE SHEET 2003 2004 2005 2006 2007 Assets Cash $10 $14 $20 $27 $38 Receivables 27 38 53 74 104 Inventory 153 214 300 420 588 Total Current Assets $190 $266 $372 $521 $730 Property, Plant, & Equipment $199 $279 $390 $546 $764 Accumulated Depreciation (9) (17) (28) (44) (66) Total Assets $380 $528 $734 $1,024 $1,429 Liabilities Accounts Payable $74 $104 $146 $204 $286 Short-term Loans Payable 10 29 40 56 79 Total Current Liabilities $84 $133 $186 $261 $365 Long-term Debt $207 $289 $401 $558 $778 Total Liabilities $291 $422 $587 $819 $1,143 Stockholders' Equity Paid in Capital $50 $62 $96 $144 $212 Retained Earnings (as of 12/31) 39 44 51 60 74 Total Liab. and Equities $380 $528 $734 $1,024 $1,429 Retained Earnings (as of 1/1) $31 $39 $44 $51 $60 + Net Income 8 5 7 10 14 - Dividends 0 0 0 0 0 Retained Earnings (as of 12/31) $39 $44 $51 $60 $74
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