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The Landis Corporation had 2008 sales of $100 million. The balance sheet items that vary directly with sales and the profit margin are as follows: Percent Cash.. . 5% Accounts receivable.. . 15 Inventory.. . 25 Net fixed assets.. . 40 Accounts payable.. . 15 Accruals.. . 10 Profit margin...
Would help me with this problem? Week 3 - Pro Forma Statements The Landis Corporation Sales $100,000,000 Dividend Payout Rate 32% Balance in Retained Earnings $35,000,000 Common Stock $10,000,000 ...
I have done three annual cash flow statements broken down by month. Do I carry the ending cash balance forward from year one to year two's beginning cash balance? If I do it throws my 2nd year Balance sheet off by an equal amount.
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