Question: Now, use the proportional growth (percentage of sales) method to forecast the firm's financial statements and
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667bf6fe2d03a_190667bf6fe1a08a.jpg)
Question:
Now, use the proportional growth (percentage of sales) method to forecast the firm's financial statements and EFN for 1993. (Hint: Table 3 has been provided to speed up your work.) Compare the EFN given in question 1 with that obtained here from the percentage of sales method. Accounts payable + notes payable + accrued wages & taxes = current liabilities. 1992 interest expenses (initially) = 1993.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667bf6fe6a411_190667bf6fe597fd.jpg)
Posted Date: