What are pro forma statements? How are they constructed? Be complete in your answer.
Answer to relevant QuestionsDescribe how a capital budget is constructed.What is ratio analysis? How is horizontal analysis different from vertical?Identify an indicator of each pitfall named in question 2. What would you do about each?Why is the summary segment of a business plan written last? Why not first?Firms that fail to innovate will die. What does this statement mean in the context of new ventures?
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