{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-19T11:16:00-04:00", "answer_date": "2024-05-19 11:16:00", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1329992", "url": "\/study-help\/questions\/question1-in-preparing-pro-forma-income-statements-describe-three3-important-1329992", "question_creation_date_js": "2024-05-19T11:16:00-04:00", "question_creation_date": "May 19, 2024 11:16 AM", "meta_title": "[Solved] Question1 In preparing pro forma income s | SolutionInn", "meta_description": "Answer of - Question1 In preparing pro forma income statements, describe THREE(3) important procedures for checking the reasonable | SolutionInn", "meta_keywords": "question1,preparing,pro,forma,income,statements,three,3,important,procedures,checking,reasonableness", "question_title_h1": "Question1 In preparing pro forma income statements, describe THREE(3) important procedures for checking the reasonableness of your projections, and explain why the procedures are important", "question_title": "Question1 In preparing pro forma income statements, describe THREE(3) important procedures for", "question_title_for_js_snippet": "Question1 In preparing pro forma income statements, describe THREE(3) important procedures for checking the reasonableness of your projections, and explain why the procedures are important for reasonableness checks (15 marks) Question2 You are given the following data for Good Company Inc for 2017, 2018, and 2019 (amounts in thousands) 2017 2018 2019 Net income RM345 RM402 RM445 Average number of common shares outstanding 135 134 132 Average common shareholders' equity RM1231 RM964 RM735 Interpret your findings for both ROCE and EPS In your interpretation, you need to describe and explain the changes of ROCE and EPS over the years At last, briefly discuss the performance of the company based on your observation", "question_description": "

Question1<\/u><\/strong><\/p>

In preparing pro forma income statements, describe THREE(3) important procedures for checking the reasonableness of your projections, and explain why the procedures are important for reasonableness checks.(15 marks)<\/p>

<\/p>

Question2<\/u><\/strong><\/p>

You are given the following data for Good Company Inc. for 2017, 2018, and 2019 (amounts in thousands).<\/p>

<\/p>

2017<\/p>

2018<\/p>

2019<\/p>

Net income<\/p>

RM345<\/p>

RM402<\/p>

RM445<\/p>

Average number of common shares outstanding<\/p>

135<\/p>

134<\/p>

132<\/p>

Average common shareholders' equity<\/p>

RM1231<\/p>

RM964<\/p>

RM735<\/p>

<\/p>

<\/p>

Interpret your findings for both ROCE and EPS. In your interpretation, you need to describe and explain the changes of ROCE and EPS over the years. At last, briefly discuss the performance of the company based on your observation<\/p>", "transcribed_text": "", "related_book": { "title": "Cornerstones of Financial and Managerial Accounting", "isbn": "9780538751292, 324787359, 538751290, 978-0324787351", "edition": "1st Edition", "authors": "Rich Jones, Mowen, Hansen, Heitger", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/145.jpg", "uri": "\/textbooks\/cornerstones-of-financial-and-managerial-accounting-1st-edition-145", "see_more_uri": "" }, "free_related_book": { "isbn": "1899924132", "uri": "\/textbooks\/a-straight-forward-guide-to-personal-finance-2nd-edition-9781899924134", "name": "A Straight Forward Guide To Personal Finance", "edition": "2nd Edition" }, "question_posted": "2024-05-19 11:16:00", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/financial-subdomains-3254-communicating-effectively-in-organizations-3261-managing-internal-3799928", "description": "financial SUBDOMAINS: 325.4 COMMUNICATING EFFECTIVELY IN ORGANIZATIONS 326.1 MANAGING INTERNAL COST & CONTROLLING FINANCES 326.2 MANAGING CAPITAL & FINANCIAL ASSETS 326.4 MANAGING ENTERPRISE RISK &...", "stars": 0 }, { "url": "\/study-help\/questions\/mark-x-company-a-mark-x-company-manufactures-farm-and-3931662", "description": "MARK X COMPANY (A) Mark X Company manufactures farm and specialty trailers of all types. 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