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In this Assignment, you will be assessed based on the following outcome: MT482-5: Project financial statements, including the income statement, balance sheet, and statement of cash flows, for an organization. In this Assignment, you will use the current financial statements of Kodak and what you have learned to produce pro forma financial statements to forecast their financial future. You will learn to search the key results that may impact Kodak’s future financial performance. This lesson will prepare you to participate fully in the real management of any company. Locate the Kodak Case 9-1 on page 537 of your text. Be sure to submit thoughtful and substantial answers to the questions following each case. This is a challenging activity. You should prepare to spend substantial time working on your response. Directions for Submitting Your Assignment Compose your Assignment in a Microsoft Word document and save it as Username- MT482 Assignment-Unit 7.docx (Example: TAllen- MT482 Assignment Unit 7.docx). Submit your file by selecting the Unit 7 Assignment Dropbox by the end of the unit. Unit 7 Assignment: Kodak Case 9-1 Points Possible Points Earned Content, Analysis, and Effective Writing Skills Response successfully answers Assignment questions for this case. Prepare a forecast of an income statement, balance sheet, and cash floor for next year. 20 The response to the questions exhibits strong critical thinking and appropriate analysis. Utilize all the assumptions presented in the case for the forecast. 17 Sentences are clear, concise, and direct; tone is appropriate.
Explanation & Answer
Attached.
Surname 1
Student’s name
Professor’s name
Course
Date
Kodak Pro Forma Income Statement, Balance Sheet, and Cash Flow Financial Statements
Assumptions:
a.
b.
c.
d.
All financial ratios remain at 20x6 levels.
Kodak will not record restructuring costs for 20x7.
Taxes payable are at the 20x6 level of $544 million.
Depreciation expense charged to SG&A is $765 million and $738 million for 20x6 and
20x5, respectively.
e. Gross PPE is $12,982 million and $12,963 million for 20x6 and 20x5, respectively.
f. Projected current maturities of long-term debt are $13 million for 20x7.
g. Capital expenditures for 20x6 and 20x5 are $1,047 and $783, respectively.
Pro forma Income Statement
Kodak
Historical results
20x5
20x6
Forecast Period
20x7
Income statement (in
Millions)
Revenue
13,994
13,234
12,572
Cost of ...
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