fm14 7 - 18.0 18.00 +13.44 31.44 Accruals 8.5 0.0243 10.20...

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Answers and Solutions: 14 - 7 b. Upton Computers Pro Forma Balance Sheet December 31, 2008 (Millions of Dollars) Forecast Pro Forma Basis % after 2007 2008 Sales Additions Pro Forma Financing Financing Cash $ 3.5 0.0100 $ 4.20 $ 4.20 Receivables 26.0 0.0743 31.20 31.20 Inventories 58.0 0.1660 69.60 69.60 Total current assets $ 87.5 $105.00 $105.00 Net fixed assets 35.0 0.100 42.00 42.00 Total assets $122.5 $147.00 $147.00 Accounts payable $ 9.0 0.0257 $ 10.80 $ 10.80 Notes payable
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Unformatted text preview: 18.0 18.00 +13.44 31.44 Accruals 8.5 0.0243 10.20 10.20 Total current liabilities $ 35.5 $ 39.00 $ 52.44 Mortgage loan 6.0 6.00 6.00 Common stock 15.0 15.00 15.00 Retained earnings 66.0 7.56 * 73.56 73.56 Total liab. and equity $122.5 $133.56 $147.00 AFN = $ 13.44 *PM = $10.5/$350 = 3%. Payout = $4.2/$10.5 = 40%. NI = $350 1.2 0.03 = $12.6. Addition to RE = NI - DIV = $12.6 - 0.4($12.6) = 0.6($12.6) = $7.56....
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This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.

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