Long Term Assets Liabilities
Long Term
P , P & E $ 12,745,000 Long Term Debt $ 1,225,000 Goodwill $ 1,205,000 Other LT Debt $ 2,230,000
Intangible Assets $ 5,275,000 Total LT Liabilities $ 3,455,000
Total LT Assets |
$ 19,225,000 |
Total |
Liabilities |
$ 12,645,000 |
|
Total Assets $ 26,079,000
Equity
Earnings $ 7,009,000
Owners ’
Retained
Owners ’ Equity $ 13,434,000
Liab / OE $ 26,079,000
Total
Transfer this balance sheet to an Excel spreadsheet and begin to prepare a Pro Forma Balance Sheet for 2016 based on the following information :
2 . Cash will increase to $ 2,825,000 and accounts receivable will increase by 15 %. The inventories will go up 35 % and P , P , & E will go up $ 2,000,000 with an expansion to the plant . Long term debt will