Forecast Legends' next years' Income Statement and Balance Sheet.

2)What is Legends' "additional funds necessary"?

3)What are some key factors to consider when forecasting?

4)What are some of the key risks associated with a materially incorrect forecast?

  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Cash Receivables Inventories Total Current Assets PP&E Total Assets Forecasting Legends' Balance Sheet as of 12/31/Current Year $ 250,000 600,000 1,300,000 2,150,000 2,500,000 $ 4,650,000 Sales Operating Costs EBIT Interest EBT Taxes Accounts Payable Accrued Liabilities Net Income Notes Payable Total Current Liabilities L/T Debt Common Stock Retained Earnings Legends' Income Statement for the year ended 12/31/Current Year $ 6,500,000 4,875,000 1,625,000 170,000 1,455,000 436,500 Toal Liab. & Equity $ 1,018,500 $ 500,000 220,000 75,000 795,000 1,700,000 755,000 1,400,000 $ 4,650,000