Business Plan Advice
Seyedsina Golestanian
FIN/571
26 Aug 2013
Mohammad Sharifzadeh
Introduction
The Atlas Printing Co. has 40 employees include 35 workers, 4 office workers and a general manager. The owner decides to buy the new printing machine. The company has the good credit in bank so they decide to get loan from the bank. The owner needs the pro forma financial statement to make sure the company can pay off the 5 years loan and analyze the profitability of the company with new production line.
Atlas Printing Co.
Balance Sheet
For Year Ending December 31, 2013
Current Assets
ASSETS
Cash 100,525
Account Receivable 560,000
Inventory 300,000
Prepaid Expenses 20,000
Total Current Assets 880,525
Fixed Assets
Property—net of depreciation 2,150,000
Equipment—net of depreciation 800,000
Vehicles—net of depreciation 50,000
Total Fixed Assets 3,000,000
Total Assets 3,880,525
Current Liabilities
LIABILITIES
Revolving lines of credit 250,000
Account Payable 388,000
Current Portion of Long-term Debt 550,000
Total Current Liabilities 1,188,000
Long-term Liabilities
Long-term debt and capital leases 690,500
Loans payable to stockholders 360,500
Total Long-term Liabilities 710,000
Total Liabilities 1,798,000
Stockholders Equity
Common stock...