Excel Project Instructions Assume ABC Company has asked you to not only prepare

ID: 2635390 • Letter: E

Question

Excel Project Instructions

Assume ABC Company has asked you to not only prepare their 2013 year-end Balance Sheet but to also provide pro-forma financial statements for 2014. In addition, they have asked you to evaluate their company based on the pro-forma statements with regard to ratios. They also want you to evaluate 3 projects they are considering. Their information is as follows:

End of the year information:

Account

12/31/13

Ending Balance

Cash

160,000

Accounts Receivable

126,000

Inventory

75,200

Equipment

745,000

Accumulated Depreciation

292,460

Accounts Payable

36,900

Short-term Notes Payable

18,300

Long-term Notes Payable

157,225

Common Stock

450,000

Retained Earnings

solve

Additional Information: