hard · CFA Level I Financial Statement Analysis
Meridian Pack is modeling a 'Debt' plug to balance its pro forma balance sheet. Total Assets are projected at 2,500. Total Equity (including projected Net Income and dividends) is 1,400, and non-debt liabilities are 600.
If the firm maintains a minimum cash balance of 100 already included in Total Assets, the required long-term debt plug is:
- 600
- 500
- 400
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