Start with the partial model in the file Ch 11 P10 Build a Model.xls from the textbook’s web site. Cumberland Industries’ financial planners must forecast the company’s financial results for the coming year. The forecast will be based on the percent of sales method, and any additional funds needed will be obtained by using a mix of notes payable, long-term debt, and common stock. No preferred stock will be issued. Data for the problem, including Cumberland Industries’

balance sheet and income statement, can be found in the spreadsheet problem for Chapter