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    Percentage of Sales Method

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    Create a set of pro forma financials (income statement and balance sheet) for the next fiscal year-end using the percent-of-sales method assuming the company's sales have increased by 15%.

    See the attachment for the existing income statement and balance sheet. A step by step description would be great so I can understand the process.

    © BrainMass Inc. brainmass.com October 9, 2019, 8:44 pm ad1c9bdddf
    https://brainmass.com/business/pro-forma-financial-statements/percentage-sales-method-161236

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    Solution Summary

    The solution explains how to prepare pro-forma financial statements using the percentage of sales method.

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