Explain set of pro forma financial statements

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My professor asked- If we were to consider starting a business domestically, or even in a foreign country - after the business plan, we need to put together a set of pro forma financial statements and provide relevant analysis. This leads to a topic that a few of our classmates noted in earlier discussions when considering analysis tools.

Class, what analysis tool would be extremely beneficial in this process if we were actually doing this in a real business setting. Why would it be beneficial in determining where to set up our new operation? As a hint - the acronym may make you think about law enforcement (the police) and a few of our classmates have noted the concept in previous weeks.

What analysis tool would be extremely beneficial in this process if we were actually doing this in a real business setting OTHER THAN PEST OR SWOTT? Are there any others that would be beneficial and why?

Reference no: EM132902706

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