What is the purpose of pro forma

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Reference no: EM132462528

Construct a basic income statement, balance sheet, and statement of cash flows. If you are far enough along in your business, please use those figures; if you are close, guestimate you figures. If you have not yet decided on a specific business, design these three statements using your personal information.

Question 1: Analyze the use, as an entrepreneur, of financial statements and pro forma financial statements.

Question 2: What is the purpose of pro forma and what are the consequences for the business of not using pro forma statements?

Question 3: How do these help an entrepreneur to evaluate the feasibility of a venture?

Reference no: EM132462528

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