Question Solved1 Answer 08 The 20X1 statement of financial position and income statement for the Woods Company are shown here: WOODS COMPANY: STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 20X0 (THB Thousands) Cash 80 160 Accounts payable Accruals Accounts receivable 240 40 Inventories _720 Notes payable Total current liabilities 252 452 Total current assets 1,040 3.200 Net non-current assets Non-current liabilities 1.244 Common stock 1,605 939 Retained earnings Total liabilities and equity Total assets 4,240 4,240 WOODS COMPANY: INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 20X0 8,000 (7,450) 550 Revenue from sales of goods Operating costs Profit before finance costs and income taxes (EBIT) Finance costs Profit before income taxes Income taxes (40%) Profit for year (Net income) Per Share Detail (150) 400 (160) 240 Common stock price 16.96 1.60 Earnings per share (EPS) Dividends per share (DPS) 1.04 The firm operated at full capacity in 20X0. It expects sales to increase by 20 percent during 20X1 and expects 20X1 dividends per share to increase to THB1.10. Use the percentage-of- sales method to determine how much outside non-spontaneous financing is required, developing the firm's pro forma statement of financial position and income statement, and use AFN as the balancing item. Ignore other financing feedbacks. (25 points)

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Transcribed Image Text: 08 The 20X1 statement of financial position and income statement for the Woods Company are shown here: WOODS COMPANY: STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 20X0 (THB Thousands) Cash 80 160 Accounts payable Accruals Accounts receivable 240 40 Inventories _720 Notes payable Total current liabilities 252 452 Total current assets 1,040 3.200 Net non-current assets Non-current liabilities 1.244 Common stock 1,605 939 Retained earnings Total liabilities and equity Total assets 4,240 4,240 WOODS COMPANY: INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 20X0 8,000 (7,450) 550 Revenue from sales of goods Operating costs Profit before finance costs and income taxes (EBIT) Finance costs Profit before income taxes Income taxes (40%) Profit for year (Net income) Per Share Detail (150) 400 (160) 240 Common stock price 16.96 1.60 Earnings per share (EPS) Dividends per share (DPS) 1.04 The firm operated at full capacity in 20X0. It expects sales to increase by 20 percent during 20X1 and expects 20X1 dividends per share to increase to THB1.10. Use the percentage-of- sales method to determine how much outside non-spontaneous financing is required, developing the firm's pro forma statement of financial position and income statement, and use AFN as the balancing item. Ignore other financing feedbacks. (25 points)
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Transcribed Image Text: 08 The 20X1 statement of financial position and income statement for the Woods Company are shown here: WOODS COMPANY: STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 20X0 (THB Thousands) Cash 80 160 Accounts payable Accruals Accounts receivable 240 40 Inventories _720 Notes payable Total current liabilities 252 452 Total current assets 1,040 3.200 Net non-current assets Non-current liabilities 1.244 Common stock 1,605 939 Retained earnings Total liabilities and equity Total assets 4,240 4,240 WOODS COMPANY: INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 20X0 8,000 (7,450) 550 Revenue from sales of goods Operating costs Profit before finance costs and income taxes (EBIT) Finance costs Profit before income taxes Income taxes (40%) Profit for year (Net income) Per Share Detail (150) 400 (160) 240 Common stock price 16.96 1.60 Earnings per share (EPS) Dividends per share (DPS) 1.04 The firm operated at full capacity in 20X0. It expects sales to increase by 20 percent during 20X1 and expects 20X1 dividends per share to increase to THB1.10. Use the percentage-of- sales method to determine how much outside non-spontaneous financing is required, developing the firm's pro forma statement of financial position and income statement, and use AFN as the balancing item. Ignore other financing feedbacks. (25 points)
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loods companypro fornal incorre stacement Dec. 31,2009 (9tronsand)Delta in inknest=(51+248)xx0.10=530F /_\ in roos dim = #of new shars ishes xx DPS{:[=(368//6.9)xx1.10],[=24]:}Delta in addition to reth earr =99 xx181=-842incove staterent, ist pass ... See the full answer