Based on the financial statement in the annual report for one of the companies you have chosen:
a. Develop a set of pro forma financials (income statement and balance sheet only) for the next fiscal year-end using the percent-of-sales method. Assume that the company’s sales have increased by 15%.
b. State what additional assumptions and information that you would need to prepare a cash budget. Angela
c. Be sure to list the underlying assumptions of your analysis and computations.
d. Recalculate the same ratios from Week Two using the Microsoft® Excel® Worksheet.
e. Describe your results and make recommendations to management.