Q1) Peabody & Peabody Balance Sheet December 31, 2006 ($000)
| Assets |
Liabilities & Stockholders' Equity |
| Cash |
$400 |
Accounts payable |
$1,400 |
| Marketable securities |
200 |
Accruals |
400 |
| Accounts receivable |
1,200 |
Other Current Liabilities |
80 |
| Inventories |
1,800 |
Total current Liabilities |
$1,880 |
| Total current Assets |
$3,600 |
Long term Debt |
$2,000 |
| Net fixed assets |
$4,000 |
Common equity |
$3,720 |
| Total assets |
$7,600 |
Total Liabilities &stockholders' equity |
$7,600 |
A. Create a pro forma balance sheet dated December 31, 2008.
B. Describe the financing changes suggested by statement prepared in part A.