An analyst developed the following set of pro forma financial statements as an input into a valuation:
Question:
An analyst developed the following set of pro forma financial statements as an input into a valuation:
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a. Spot the errors in the pro forma.
b. The analyst forecasts from these proformas that residual operating income will grow at a rate of 8 percent per year. Do the proformas justify this prediction?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a 1 Net financial expenses are growing even though net financial obliga...View the full answer
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Related Book For 
Financial Statement Analysis and Security Valuation
ISBN: 978-0078025310
5th edition
Authors: Stephen Penman
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