Question
Project a pro-forma income statement, balance sheet, and statement of cash inflows and outflows for fiscal 1997 and 1998 for ONLY the new location, using
Project a pro-forma income statement, balance sheet, and statement of cash inflows and outflows for fiscal 1997 and 1998 for
ONLY the new location, using the information presented in the case. Present the financials in Cayman Island dollars;
The fiscal year starts June 1 and ends
May 31.
a.
Hint: use the regression
equation shown in exhibit 3 to project revenues, but not for profits, and adjust for the circumstances of the new shop.
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
