Financing Deficit Garlington Technologies Inc.'s 2021 financial statements are shown below: Income Statement for Decembe

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Financing Deficit Garlington Technologies Inc.'s 2021 financial statements are shown below: Income Statement for Decembe

Post by answerhappygod »

Financing Deficit
Garlington Technologies Inc.'s 2021 financial statements areshown below:
Income Statement for December 31, 2021
Balance Sheet as of December 31, 2021
Suppose that in 2022 sales increase to $4.8 million and that2022 dividends will increase to $168,000. Forecast the financialstatements using the forecasted financial statement method. Assumethe firm operated at full capacity in 2021. The long-term bondshave an interest rate of 12%. New financing will be with a line ofcredit. Assume it will be added at the end of the year. Cash doesnot earn any interest income. Enter your answers as positivevalues. Do not round intermediate calculations. Round your answersto the nearest dollar.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”