Pro forma balance sheets and income statements
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I'm confused as to how to start this. The assignment is to assume that the company's sales have increased by 20%. We are to develop a set of pro forma financials (balance sheet and income statement) for the next fiscal year using the percent-of-sales method. Can you help me please?
I'm using the ConocoPhillips data, please ignore the Exxon statements.
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Solution Summary
This provides the steps to prepare the Pro forma balance sheets and income statements
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I'm confused as to how to start this. The assignment is to assume that the company's sales have ...
Purchase this Solution
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