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  1. business
  2. accounting
  3. b. prepare a pro forma balance sheet with any fina

b. Prepare a pro forma balance sheet with any financing adjustment made to long-term debt....

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Accounting

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b. Prepare a pro forma balance sheet with any financing adjustment made to long-term debt. (Do not round intermediate calculations. Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity. Enter the answers in millions. Round the final answers to 2 decimal places.) Assets Balance Sheet ($ millions) Liabilities and Shareholders' Equity Accounts payable Cash Accounts receivable Accrued wages Accrued taxes Inventory + Current assets Current liabilities Capital Assets Long-term debt Common stock Retained earnings Total assets Total liabilities and shareholders' equity c. Calculate the current ratio and total debt to assets ratio for each year. (Do not round intermediate calculations. Round the final answers to 1 decimal places.) Year 1 Year 2 Current ratio Total debt / assets % X % b. Prepare a pro forma balance sheet with any financing adjustment made to long-term debt. (Do not round intermediate calculations. Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity. Enter the answers in millions. Round the final answers to 2 decimal places.) Assets Balance Sheet ($ millions) Liabilities and Shareholders' Equity Accounts payable Cash Accounts receivable Accrued wages Accrued taxes Inventory + Current assets Current liabilities Capital Assets Long-term debt Common stock Retained earnings Total assets Total liabilities and shareholders' equity c. Calculate the current ratio and total debt to assets ratio for each year. (Do not round intermediate calculations. Round the final answers to 1 decimal places.) Year 1 Year 2 Current ratio Total debt / assets % X %

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