(Solution Document) suppose a friend of yours showed you the pro forma financial statements for his


suppose a friend of yours showed you the pro forma financial statements for his start-up and exclaimed excitedly that during the first three years of operations of his firm will make a net income of $150,000 per year, which is just the amount of money ($450,000) the firm will need to pay off a three-year loan. Given your study of this chapter, why is that your friend may not actually have $450,000 in cash, even though his pro forma income statements say that he will earn that amount of money?

 







About this question:

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by .
SiteLock