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(Solved) (Pro forma balance sheetconstruction) Use the following industry average ratios to construct a pro forma balance sheet, for CarlosMenza, Inc. Total...


(Pro forma balance sheetconstruction) Use the following industry average ratios

to construct a pro forma balance sheet, for CarlosMenza, Inc.:


Total asset turnover 2.5 times
Average collection period (assume a 365-day year) 8.7 days
Fixed asset turnover 5.2 times
Inventory turnover (based on cost of goods sold) 2.7 times
Current ratio 1.6 times
Sales (all on credit) $3.65 million
Cost of goods sold 71% of sales
Debt ratio 54%

The company's cost of goods sold is $. (Round to the nearest dollar.)

The company's total assets are (Round to the nearest dollar.)

The company's fixed assets are (Round to the nearest dollar.)

The company's accounts receivable is (Round to the nearest dollar.)

The company's inventories are (Round to the nearest dollar.)

The company's current liabilities are (Round to the nearest dollar.)

The company's total liabilities are(Round to the nearest dollar.)

Complete CarlosMenza's balance sheetbelow:  

Cash                          ____                          Current Liabilities____

Accnts Receivable  _______                     Long Term Debt  _____

Inventory                   _____                            Total Liabilities _______

Net Fixed Assets   _______                           Common Equity _____


Total                         ________                         Total ________

 


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