What is the purpose of pro forma financial statements (Tables 6-7 through 6-10)?
Answer to relevant QuestionsHow are budgets used as monitoring and control tools? Describe how to develop a pro forma income statement (Table 6-7). Using Table 6-13, what is required new financing if next years sales forecast increases to $400,000, profit margin is 10 percent, and the payout ratio is 90 percent? Sam Jones has two years of historical sales data for his company. He is applying for a business loan and must supply his projections of sales by month for the next two years to the bank. a. Using the data from Table 6-12, ...What role do marketable securities play in current asset management?
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