Finance Project, Help!
I’m doing a Capital Budgeting Project for my Finance class. The goal is to create a Pro Forma Income Statement and Balance sheet. It is for the next 5 years. I copied the Balance Sheet portion of it below. Can anyone tell me how to proceed to the next year(s) after? Any help would be awesome!
Non-Operating Cash and Cash Equivalents $12,400
Operating Cash $37,600
Accounts Receivable $175,000
Total Current Assets $615,000
Plant & Equipment (at Cost) $560,000
Accumulated Depreciation ($150,000)
Net Plant and Equipment $410,000
Total Assets $1,025,000
Liabilities and Owners’ Equity
Accounts Payable $151,352
Notes Payable $227,624
Other Current Liabilities (Operating) $50,000
Total Current Liabilities $428,976
Long-Term Debt $250,000
Total Liabilities $678,976
Common Stock (100,000 shares outstanding)
Paid-In Capital $155,560
Retained Earnings $190,464
Total Owners’ Equity $346,024
Total Liabilities and Owners’ Equity $1,025,000
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