MCC Please help

DescriptionUniversity of Wisconsin – Milwaukee
BUS ADM 450, Spring 2023
Homework 9
Due May 1, 2023
Name: ____________________________________
This is an individual assignment. Collaborating with others in any way – including providing,
receiving, or soliciting help or advice – is academic dishonesty and could result in penalties on
assignment or course grade, as well as other academic sanctions.
You can earn 100 points for this homework.
Due date – May 1, 2023
PLEASE SHOW YOUR WORK – YOU SHOULD SHOW AND EXPLAIN THE SOLUTION AND
IDENTIFY THE ANSWER.
Submit the assignment electronically to Canvas in the form of uploading a file – this
assignment REQUIRES a spreadsheet (Excel, Calc, etc). You need to submit a spreadsheet
(table) document (Excel or other) with calculations as your response. You can put your
explanations and response to questions into the spreadsheet document.
If you have questions on the homework, please post them in the discussion section of Canvas
with the title “QUESTION 450 HOMEWORK”, or E-mail me to sibilkov@uwm.edu, and please
use “QUESTION 450 HOMEWORK” as the subject of the E-mail.
Please read the assignment carefully.
Use the discussion of Simple Inc in the lecture posted in the practice section of the module on financial
statements (“Example – Simple Inc”) and the associated Excel file (450_simple_proforma_2020.xlsx) as
the base for the homework.
Prepare proforma forecasts of financial statements of Simple, Inc for the next two years, 2021 and 2022.
For your forecast, use the following specific assumptions:
a) In 2021 and 2022, sales will grow at 10% per year;
b) CGS will equal 42% of sales;
c) SGA will equal 48% of sales;
d) DRO and DPO will be maintained at 30 days;
e) DSI will be maintained at 100 days;
f) Other accounts will be maintained at ratios to sales similar to those during 2020.
Answer the following specific questions for each of the two years:
1) What are the company’s forecasted Net Earnings (profit/loss after tax) in 2021 and in 2022?
2) According to the forecast, how much additional financing does the company’s need in 2021 and
in 2022?

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