A company is evaluating its financial requirements for the coming year based on its balance sheet from 2021 Estimate
Posted: Thu May 05, 2022 8:06 am
A company is evaluating its financial requirements for the coming
year based on its balance sheet from 2021
Estimate the company's financing requirements (total assets) for
2022 and its discretionary financing needs considering that the
company expects sales to grow by 5% in 2022
2021
Sales
1,594,600
Balance sheet
Current
assets
980,200
Net
fixed assets
1,976,200
Total
assets
2,956,400
Liability and equity
Account
payables
264,800
Long-term debt
1,245,000
Total
liabilities
1,509,800
Paid-in
capital
645,000
Retained
earnings
564,000
Common
equity
237,600
Total
liabilities & equity
2,956,400
year based on its balance sheet from 2021
Estimate the company's financing requirements (total assets) for
2022 and its discretionary financing needs considering that the
company expects sales to grow by 5% in 2022
2021
Sales
1,594,600
Balance sheet
Current
assets
980,200
Net
fixed assets
1,976,200
Total
assets
2,956,400
Liability and equity
Account
payables
264,800
Long-term debt
1,245,000
Total
liabilities
1,509,800
Paid-in
capital
645,000
Retained
earnings
564,000
Common
equity
237,600
Total
liabilities & equity
2,956,400