Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your companys accounting year finishes at the end

Your companys accounting year finishes at the end of December. Assume the year 2020 has...

80.2K

Verified Solution

Question

Accounting

Your companys accounting year finishes at the end of December. Assume the year 2020 has just finished. As CFO of the company, you want to forecast the amount of debt at the end of year 2021.

Actual figure for 2020

Debt 60 billion yen

Shareholders equity 240 billion yen

Forecast for year 2021

Sales 600 billion yen

Net income 100 billion yen

Dividend 40 billion yen

Total asset turnover 1.2 times

Other liabilities turnover 5.0 times

How much is the total assets of year 2021?

billion yen

How much is the other liabilities of year 2021? billion yen

How much is the shareholders' equity of year 2021? billion yen

How much is the debt of year 2021? billion yen

How much does the company need to increase the debt during the year? billion yen

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

In 2018, Isle Royale was home to only one or two highly inbred wolves. If humans...

Chemistry
1.2K views

which compound the greatest lattice energy? AIP vs AIN KCl vs KBr NaCl vs NaBr MgO vs MgS NaCl vs...

Algebra
1.2K views

Part 1 of 2 Use synthetic division and the factor theorem to determine whether x...

Algebra
1.2K views

Select the line that is perpendicular to the following line 4x 2y 2 This is...

Accounting
1.2K views

Perform a vertical analysis on the following information. (Round your answers...

Accounting
1.2K views

A company pays $20,000 per period to rent a small building that has 10,500 square...

Accounting
1.2K views

The May portion of a six-month plan for a swim department is as follows: ...

Accounting
1.2K views

Please answer 1-13 On January 1, 2021,...

Accounting
1.2K views

What factors are analysed in the PESTEL analysis?

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.) The following are the...

Accounting
1.2K views

Prince Charming Corporation sold 8,500 shares of $15 par common stock for $28 per share....

Accounting
1.2K views

Tribley Inc. has an operating leverage of 3.9. If the company's sales increase by 11%,...