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ACC - Carlos Menza, Inc.




Question;(Pro forma balance sheet construction) Use the following industry average ratios, to construct a pro forma balance sheet for Carlos Menza, Inc.Total asset turnover 1.5 timesAverage collection period (assume a 365-day year) 9.4 daysFixed asset turnover 4.8 timesInventory turnover (based on cost of goods sold) 2.9 timesCurrent ratio 2.4 timesSales (all on credit) $3.73 millionCost of goods sold 80% of salesDebt ratio 51%The company?s cost of goods sold is $_____. Round to the nearest dollar.The company?s total assets are $________. Round to the nearest dollar.The company?s fixed assets are $_______.The company?s accounts receivable is$_____.The company?s inventories are $_______.The company?s current liabilities are $_____.The company?s total liabilities are $_____.Complete Carlos Menza?s balance sheet below: (round to the nearest dollar)Cash _____ Current liabilities _____Accounts receivable _____ Long-term debt ________Inventory _____ Total Liabilities ___________Net fixed assets _____ Common equity_____Total $ _____ Total $


Paper#48399 | Written in 18-Jul-2015

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