Suppose you constructed a pro forma balance sheet and a cash budget for a company for the

Question:

Suppose you constructed a pro forma and a for a company for the same time period and the external financing required from the pro forma forecast exceeded the cash deficit estimated on the How would you interpret this result?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...