EMM, Inc. has the following balance sheet: EMM, Incorporated Balance Sheet as of 12/31/X0 Assets Liabilities and Equity Cash $ 680 Accounts payable $ 5,015 Accounts receivable 6,460 Bank note payable 1,705 Inventory 5,780 Long-term assets 3,800 Equity 10,000 $ 16,720 $ 16,720 If the firm expects sales to rise from $17,000 to $21,000, what are the forecasted levels of accounts receivable, accounts payable, and inventory? Round your answers to the nearest dollar. Accounts receivable: $ Inventory: $ Accounts payable: $ Will the expansion in accounts payable cover the expansion in inventory and accounts receivable? Round your answers to the nearest dollar. The expansion in accounts payable of $ the total expansion in inventory and accounts receivable, which is $ . If the firm earns 12 percent on sales after taxes and retains all of these earnings, what is the firm's forecasted equity? Round your answer to the nearest dollar. $ Construct a new balance sheet that incorporates the issuing of additional short-term debt to cover any needs for additional finance. If the firm has excess funds, add them to cash. Round your answers to the nearest dollar. EMM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Cash $ Accounts payable $ Accounts receivable Bank note payable Inventory Long-term assets Equity $ $
EMM, Inc. has the following
| EMM, Incorporated Balance Sheet as of 12/31/X0 | ||||||
| Assets | Liabilities and Equity | |||||
| Cash | $ | 680 | Accounts payable | $ | 5,015 | |
| Accounts receivable | 6,460 | Bank note payable | 1,705 | |||
| Inventory | 5,780 | |||||
| Long-term assets | 3,800 | Equity | 10,000 | |||
| $ | 16,720 | $ | 16,720 | |||
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If the firm expects sales to rise from $17,000 to $21,000, what are the
forecasted levels of accounts receivable, accounts payable, and inventory? Round your answers to the nearest dollar.Accounts receivable: $
Inventory: $
Accounts payable: $
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Will the expansion in accounts payable cover the expansion in inventory and accounts receivable? Round your answers to the nearest dollar.
The expansion in accounts payable of $ the total expansion in inventory and accounts receivable, which is $ .
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If the firm earns 12 percent on sales after taxes and retains all of these earnings, what is the firm's forecasted equity? Round your answer to the nearest dollar.
$
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Construct a new balance sheet that incorporates the issuing of additional short-term debt to cover any needs for additional finance. If the firm has excess funds, add them to cash. Round your answers to the nearest dollar.
EMM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Cash $ Accounts payable $ Accounts receivable Bank note payable Inventory Long-term assets Equity $ $
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