Company: American express

1) By using the financial statements of company which is assigned to you for the last three years (2017, 2018, and 2019): (EXCEL)

a) Make the financial planning and forecast the financial statements (balance sheet, income statement, cash flow statement) for the next three years by using the percentage of sales method and by making the necessary assumptions (for interest rates on loans; growth rates, tax rates etc). (IN EXCEL)

b) Find the external funds needed. (IN EXCEL)

c) Estimate how sensitive the external funds needed to changes in your growth rate assumption.