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Культура Документы
2013 10000 6500 3500 500 3000 1050 1950 13 5.2 40% 150 1170
Income Statement Forecast Initial Forecast Basis 2014 1.1 11000 1.1 7150 3850 500 3350 1172.5 2177.5 14.5 5.8 40% 150
1306.5
Financing Adjustment
No of Share RE
Particulars Cash A/R Inventories Current Assets PPP Total Assets Liabilities & OE N/P A/P Accruals Current Liabilities Long Term Bonds Total Liabilities Common Stock Retained Earnings Total Liabilities & OE
Balance Sheet Initial Forecast Forecast Basis 2014 1.1 6468 1.1 9790 1.1 17050 33308 1.1 30250 63558
Financing Adjustment
1.1 1.1
+1306.5 AFN
2300 1848 2750 6898 25000 31898 18600 9006.5 59504.5 4053.5
Assumption: 1. 2014 sales are projected to increase by 10% over 2013 sales. Additional funds needed have been determined by assuming that items related to sales expected to increase by the same percentages as sales. Requirement 1: Required financing meet up by following three sources- named N/P, Long Term Debt/Bonds and seasonal share issue/Equity/issuing share. For this purpose assumeSources N/P Long Term Debt/Bonds Common Equity Portion 20% 35% 45% Cost of New Fund .50% Per Month Annually 12% 46.5 Per Share
Requirement 2: Required financing will be met up by N/P, LTD/B and Common Equity. If the firm assume its Current Ratio will be 4.5 times in 2014 and debt ratio will be 55% then how much financing will be obtained by N/P, LTD/B and Common Equity? -Construct the Financial statements incorporating financing Feedback assume that interest rate on N/P and LTD will 7% and 13% respectively and Market Price Per share is 55 TK.
Particulars Sales Operating Cost EBIT Interest EBT Tax (35%) Net Income EPS DPS
Dividend Payout Ratio
2013 10000 6500 3500 500 3000 1050 1950 13 5.2 40% 150 1170
Income Statement Forecast Initial Forecast Basis 2014 1.1 11000 1.1 7150 3850 500 3350 1172.5 2177.5 14.5 5.8 40% 150
1306.5
Financing Adjustment
No of Share RE
Particulars Cash A/R Inventories Current Assets PPP Total Assets Liabilities & OE N/P A/P Accruals Current Liabilities Long Term Bonds Total Liabilities Common Stock Retained Earnings Total Liabilities & OE
Balance Sheet Initial Forecast Forecast Basis 2014 1.1 6468 1.1 9790 1.1 17050
33308
Financing Adjustment
27500 57780
1.1
30250 63558
1.1 1.1
+1306.5
AFN