Future of Business
Quiz 07: Understanding the Business
A Pro Forma Balance Sheet Projects the Types and Amounts
A pro forma balance sheet projects the types and amounts of revenues a company will need to execute future plans and shows the amount of additional financing needed to acquire those assets.
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The development of pro forma income statements and balance sheets is an important step in the financial planning function performed by financial managers.
Geoff has been looking at some liquidity ratios for K&M Enterprises. This indicates that he wants to know whether the company is likely to face problems in repaying its debts.
The main purpose of liquidity ratios is to determine whether a company will be able to repay its debts as they come due.
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