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Assume for 2013 that JCP will experience a $1.5 billion net income loss on $11 billion on sales. Also assume that a cash balance of
- Assume for 2013 that JCP will experience a $1.5 billion net income loss on $11 billion on sales. Also assume that a cash balance of $1.0 billion is required to operate efficiently. Create a pro forma cash flows statement to estimate JCPs external funding required by year-end 2013.
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
