The financial statements for the year ended June 30, 2017, are given below for Morgan Construction Company.

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The financial statements for the year ended June 30, 2017, are given below for Morgan Construction Company. The firm’s sales are projected to grow at a rate of 25 percent next year, and all financial statement accounts will vary directly with sales. Based on that projection, develop a pro forma balance sheet and an income statement for the 2018 fiscal year.

Morgan Construction Company Balance Sheet as of June 30, 2017 Liabilities and Stockholders' Assets: Equity: $ 3,349,239

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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