Topic

: Forecasting Order 11-1

The usual financial statement forecasting process is completed in the following order: balance sheet, income statement, statement of cash flows.

Answer: True / False Topic:

Impact of Acquisitions 11-2 Forecasting future revenues includes revenue growth from mergers and acquisitions.

Answer: True / False Topic:

Forecasting the Income statement

11-3 Calculating sales estimates, derived from an estimate of the sales growth rate, is how the forecasting process begins. Answer: True / False

Topic: The Forecasted Cash Balance

11-4 The forecasting process assumes that the cash on the balance sheet is a plug. Answer: True / False

Topic: Forecasting Revenue

11-5 Ashbury Corporation reports 2016 and 2017 total revenues of $90.0 million and $100.8 million respectively. If we expect prior growth to persist, we would forecast a revenue growth rate of

: A) 15% B) 12% C) 24% D) 9% E) None of the above