Share
Explore BrainMass

I have attached 3 sample problems I found online very similar to the concepts I need help with.

The excel spreadsheet contains a sample income statement and balance sheet. I need to understand how to create a proforma income statement and balance sheet using the data from 2004. Additionally, I need to indicate if additional financing (long term and short term options) is necessary. Please create the statements and explain (if there is a need) for additional financing and what options are available.

On the other attachment, With Sample questions 2 & 3, please calculate and explain how you arrived at the solutions. If possible please explain step by step, I'll be attempting several questions like these and with a detailed explaination I think I can figure it out.

Thank you in advance. Any help provided is greatly appreciated!

Attachments

Solution Preview

Your answers are included below ...

Solution Summary

Excel and Word files show how to create a proforma income statement and balance sheet for sample questions.

$2.19