- Working Capital Assumptions In The Next 5 Years Ar To Sales Ratio Remains The Same As That In The Most Recent Fiscal Ye 1 (98.45 KiB) Viewed 42 times
- Working Capital Assumptions In The Next 5 Years Ar To Sales Ratio Remains The Same As That In The Most Recent Fiscal Ye 2 (141.37 KiB) Viewed 42 times
Working Capital Assumptions In the next 5 years, AR to Sales ratio remains the same as that in the most recent fiscal year (FY2017). In the next 5 years, Inventory to COGS ratio remains the same as that in the most recent fiscal year (FY2017). In the next 5 years, Other current assets to Sales ratio remains the same as that in the most recent fiscal year (FY2017). In the next 5 years, AP to COGS ratio remains the same as that in the most recent fiscal year (FY2017). In the next 5 years, Income Tax Payable to Sales ratio remains the same as that in the most recent fiscal year (FY2017). In the next 5 years, Other current liabilities to Sales ratio remains the same as that in the most recent fiscal year (FY2017). Assets Assumptions: Intangible assets grows at the same rate as sales (7%) in the next 5 years Deferred tax assets grows at the same rate as sales (7%) in the next 5 years Other assets grows at the same rate as sales (7%) in the next 5 years Deferred tax liabilities grows at the same rate as sales (7%) in the next 5 years Other liabilities grows at the same rate as sales (7%) in the next 5 years Debt Assumptions Short-term debt increases by 2% in each year. Long-term debt decreases by 8% each year.
к L FY2017 1,952 AR to Sales ratio Inv to COGS ratio Other current asset to Sales AP to COGS ratio Income Tax Payable to Sales Other current liabilities to Sales E6 > ✓ fx A в с D E F G G H 3. Create projected balance sheet for years 2018, 2019, 2020, 2021, and 2022 based on the historical financial statements as well as the 1 information provided in the Assumptions worksheet. 2 ***Hint: Working capital accounts may be calculated based on the working capital ratios in FY2017 (See Working Capital Assumptions). 3 ***Hint: Cash account information may be obtained based on the completed cash flow statement (04). 3 4 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 5 5 Assets 6 Cash & Short-Term Investments 2,216 2,538 3,595 7 Short-Term Receivables 1,890 2,029 8 Inventories 11,809 12,549 12,748 9 Other Current Assets 1,078 608 638 10 Total Current Assets 16,993 17,724 18,933 11 Property and equipment, at cost 39,266 40,426 41,414 12 Accumulated depreciation and amortization 17,075 18,512 19,339 13 Net Property, Plant & Equipment 22,191 21,914 22,075 14 Intangible Assets 2,665 2,093 2,275 15 Deferred Tax Assets 48 91 119 16 Other Assets 652 1,144 1,127 17 Total Assets 42,549 42,966 44,529 18 19 Liabilities & Shareholders' Equity 20 ST Debt & Curr. Portion LT Debt 427 1,252 2,761 21 Accounts Payable 6,565 7,000 7,244 22 Income Tax Payable 36 25 54 23 Other Current Liabilities 5,498 5,856 6,135 24 Total Current Liabilities 12,526 14,133 16,194 25 Long-Term Debt 20,888 22,349 24,267 26 Deferred Tax Liabilities 854 296 440 27 Other Liabilities 1,965 1,855 28 Total Liabilities 36,233 38,633 43,075 29 Common Equity 20 6,316 4,333 1,454 30 Total Shareholders' Equity 6,316 4,333 1,454 31 Total Equity 6,316 4,333 1,454 32 Total Liabilities & Shareholders' Equity 42,549 42,966 44,529 33 2,174 TI