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a. You notice that SunTech and 3RDROCK have different fiscal year ends. Hence, you would like to convert the comparable company's forecasts so that the
a. You notice that SunTech and 3RDROCK have different fiscal year ends. Hence, you would like to convert the comparable company's forecasts so that the two companies have the same fiscal year-end and you are comparing apples to apples. You can assume that each month is 1/12 of a year. Calendarise SunTech's projected EBIT in 2016 to December year end. Record your answer to one decimal place (X.X). Show your workings. (1.5 mark) EBIT 3RDROCK SunTech SunTech Show your workings ($ million) (31 Dec) (31 Mar) (31 Dec) 2015 50 65 2016 80 70 2017 90 80
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