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Information given: In what ways can pro forma financial statements be used to evaluate a company's financial condition? Pro forma financial statements are reports that
Information given:
In what ways can pro forma financial statements be used to evaluate a company's financial condition?
Pro forma financial statements are reports that use assumptions and hypothetical data to predict the future financial performance of a company. They can be used to evaluate a company's financial condition in various ways, such as:
- Developing sales and budget projections
- Assembling profit/loss and cash flow projections
- Identifying the company's assumptions and risks
- Comparing balance sheets and financial ratios
- Securing funding and making business decisions
Question to be answered:
Do you expect that Pfizer's sales will increase by at least 10% next year compared to this year?
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