Make a set of pro forma financials for next fiscal year

Reference no: EM1360610

Using the most recent finacial statements for Citigroup and Bank of America's financial complete the following.

Companies Pro Forma Financial Paper
Using Citigroup and Bank of America's most recent finacials. Based on the financial statement in the annual report for both of the companies you have chosen:
a) Develop a set of pro forma financials (income statement and balance sheet only) for the next fiscal year-end using the percent-of-sales method. Assume that the company's sales have increased by 15%.
b) State what additional assumptions and information that you would need to prepare a cash budget.
c) Be sure to list the underlying assumptions of your analysis and computations.
d) Recalculate the same ratios from Week Two using the Microsoft® Excel® Worksheet.
e) Describe your results and make recommendations to management.

Reference no: EM1360610

Questions Cloud

Illustrate what is great reception profit : Illustrate what is GreatReception's profit when producing at the profit-maximizing output. calculator will refresh to its initial values.

Explain depreciation is an example of a source of financial : Explain Depreciation is an example of a source of financial leverage and A firm with a high level of operating leverage must also have a high level of financial leverage.

Unemployment benefits and taxation : When the government tries to cut the economic pie into more equal slices, the pie gets smaller and thorough background checks must be done on individuals availing unemployment benefits

Field of input-output psychology : The field of I/O Psychology has left its imprint on many significant aspects of society. In examining the field of I/O, it is important to acknowledge the paths that have been taken.

Make a set of pro forma financials for next fiscal year : Using the most recent finacial statements for Citigroup and Bank of America's financial complete the following. Make a set of pro forma financials for the next fiscal year-end using the percent-of-sales method. Suppose that Corporation's sales have i..

Which is the direction of motion : In addition, snow exerts a retarding force on the sled that points opposite to the direction of motion, and has a magnitude of 57 N. Find out the acceleration of the sled and child.

How tax will increase goverment revenue : The legislature has stated that the $.03 tax will increase goverment revenue by $300,000 per month and raise the price of gasoline by $.03 per gallon. is this correct.

Explain the technical and demographic : Explain the technical, demographic, and management practices that might cause you to be especially concerned about the seniority clause in your current contract.

Retention plan : There has been a high voluntary turnover rate at this company and the CEO has directed you to develop a retention plan to resolve the high voluntary turnover rate. Outline a retention plan.

User Account

All Pages