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Your friend is analysing the financial statements of SuperBiz Lid. She has made the following set of forecasts for FY2023-25 for this company. She shared

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Your friend is analysing the financial statements of SuperBiz Lid. She has made the following set of forecasts for FY2023-25 for this company. She shared her forecasts with you. Spot if there are any errors in these forecasts. Assume that there was no dirty surplus item that was forecast in the equity statement. 2022A 2023E 2024E 2025E $m $m $m Sm Net operating assets 82.0 100.0 120.0 140.0 Net financial obligations 20.0 20.0 25.0 30.0 Common stockholders' equity 62.0 80.0 85.0 110.0 Sales 150.0 200.0 240.0 260.0 Operating income (after-tax) 15.0 20.0 24.0 26.0 Net financial expense (after-tax) 0.8) (0.8 (1.0 (1.2 Comprehensive income (after-tax) 14.2 19.2 23.0 23.8 Net transactions with shareholders 2.0 8.0 9.8 Free cash flows 1.2 4.0 6.0

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