FIN 486 Expect Success/uophelp.com FIN 486 Expect Success/uophelp.com | Page 26

You are the head of the Huffman Trucking accounting department. Th
e chief executive officer (CEO) has asked you to prepare a financial r
eport addressing long-term financial needs.
Resource: Virtual Organizations
Examine financial information for Huffman Trucking, within the Virt
ual Organization web link located on the course materials page. Read
the New Strategic Directions Memo. Calculate external funds needed
(EFN) to create the pro forma balance sheet. Calculate the following y
ear-end ratios for the pro forma statements:
· Profit as a percentage of sales
· Current ratio
· Asset ratio
Prepare a 500- to 850word financial report for the CEO containing the EFN calculation, the
ratio calculations, and an explanation of how you reached the calculat
ions. Explain which income statement and balance sheet items you ass
umed were variable instead of fixed.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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FIN 486 Week 3 Team Assignment

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a) Calculate the after-tax cost of
debt