Excel Assignment.

Excel Assignment. Marks            WangQiuxiang652675 1) Do income statements for                    2014        8 2) Do Balance Sheets for                    2014        8 3) Do a pro forma Income Statement for                    2015        10 4) Do a pro forma Balance Sheet for                    2015        10 5) Do Cash Flow Statement for                    2014        10 6) Do ratios for                2013    2014        10 7) Do pro forma Ratios for                    2015        10 8) Do a pro forma cash budget for                    2015        14 9) Do breakeven questions for                 2014    2015        10 10) Do the theory problem below                            10 Total                            100 Theory Problem It is June        2015        You work at this company. One of the owners would like to sell some of her shares so she can buy a cottage. She is offering to sell you 100,000 shares for                      $3.50     each Assume you have the money to buy them. Do you buy them ? Give me reasons for your answer based on such things as book value, return on investment, trends, cash flow, SME Benchmarking and so on. 2014 Data WangQiuxiang652675            2014        Other Info        2014        2013        2015 Accounts payable             $980,882         Common Stock         400,000     shares     400,000     shares     400,000     shares Accounts receivable             $630,628 Amortization expense             $38,000 Beginning Inventory             $760,000         Notes Payable        current Cash             $343,828         Sales on Credit        90%    percent of net sales Common stock             $100,000 Ending Inventory             $964,831         Share Price    2013     $1.60     per share    Share Prices based on accounting department's estimates. Freight In             $39,660         Share Price    2014     $2.75     per share Interest expense             $63,401 GIC's             $300,000         The directors have decided that no new shares will be issued/sold in 2015 Mortgage payable             $911,115 Net Purchases             $2,757,002 Net Sales             $5,717,665 Notes payable             $200,000         Tax rate        40%    Of Net Income    Taxes on the year's profits are paid in December Prepaid expenses             $42,089         Amortization Expense        4%     declining balance Plant and Equipment             $3,900,000 Salaries             $883,718 Utilities             $2,879 Insurance             $2,787 Transport             $20,694 Repairs & Maintenance             $9,585 Advertising             $26,810 Misc. Expense             $49,701 Direct Wages and Expenses             $1,135,500 Comon Stock Dividends             $60,000 2015 Projected Data Net Sales    12%    increase        Mortgage payments for the year:    2014        2015        2016 Direct Wages & Expenses    11%    increase            Interest    Principal    Interest    Principal    Interest    Principal Salaries    1.00%    increase            4,499.65    1,989.21    4,378.51    2,110.35     4,250.79     2,238.07 4,489.83    1,999.03    4,368.09    2,120.77     4,240.11     2,248.75 Utilities    2.50%    increase            4,479.96    2,008.90    4,357.61    2,131.25     4,229.43     2,259.43 Insurance    3.00%    increase            4,470.04    2,018.82    4,347.09    2,141.77     4,218.74     2,270.12 Transport    6.00%    increase            4,460.06    2,028.80    4,336.51    2,152.35     4,208.06     2,280.80 R&M    2.00%    increase            4,450.05    2,038.81    4,325.88    2,162.98     4,197.38     2,291.48 Advertising     $4,000     decrease            4,439.98    2,048.88    4,315.20    2,173.66     4,186.70     2,302.16 Misc    2.00%    decrease            4,429.86    2,059.00    4,304.46    2,184.40     4,176.01     2,312.85 Freight-in    10.00%    increase            4,419.69    2,069.17    4,293.68    2,195.18     4,165.33     2,323.53 Net Purchases    11%    increase            4,409.47    2,079.39    4,282.84    2,206.02     4,154.65     2,334.21 Common Stock Dividends     $20,000     increase            4,399.20    2,089.66    4,271.94    2,216.92     4,143.96     2,344.90 Amortization Expense    4.00%    declining balance            4,388.88    2,099.98    4,260.99    2,227.87     4,133.28     2,355.58 Capital purchases     $30,000     new roof in June to be added to plant & equipment            53,336.67    24,529.65    51,842.80    26,023.52    50,304.45    27,561.87