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%.for Exxon corp. balance sheet and income statement can be found on the web.Or I can paste them
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.
To develop pro forma financials for Exxon Corp, we need the company's current income statement and balance sheet. If you have access to the current financial statements, you can provide them, and I can help you calculate the pro forma financials using the percent-of-sales method.
If you don't have the financial statements, you can try to find them on the company's official website or financial websites like Yahoo Finance or Bloomberg. Once you locate them, copy and paste them here, and we can proceed with the calculation.
Please paste the current income statement and balance sheet of Exxon Corp, and we can continue from there.