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In forecasting a company's balance sheet, the CFO projected total assets of $8.47 million and total liabilities and equity of $7.63 million BEFORE balancing the
In forecasting a company's balance sheet, the CFO projected total assets of $8.47 million and total liabilities and equity of $7.63 million BEFORE balancing the balance sheet. To complete the pro forma balance sheet, the CFO must:
a. | Include $16.10 of excess cash. | |
b. | Include $0.84 million of external financing needed (EFN). | |
c. | Include $0.84 million of excess cash. | |
d. | Include $16.10 of external financing needed (EFN). |
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