In forecasting a company's balance sheet, the CFO projected total assets of $8.47 million and total liabilities and equity of $7.63 million BEFORE balancing the balance sheet. To complete the pro forma balance sheet, the CFO must: a. Include $16.10 of external financing needed (EFN). b. Include $0.84 million of excess cash. c. Include $16.10 of excess cash. d. Include $0.84 million of external financing needed (EFN).
In forecasting a company's balance sheet, the CFO projected total assets of $8.47 million and total liabilities and equity of $7.63 million BEFORE balancing the balance sheet. To complete the pro forma balance sheet, the CFO must: a. Include $16.10 of external financing needed (EFN). b. Include $0.84 million of excess cash. c. Include $16.10 of excess cash. d. Include $0.84 million of external financing needed (EFN).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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In
forecasting a company'sbalance sheet , the CFO projected total assets of $8.47 million and total liabilities and equity of $7.63 million BEFORE balancing the balance sheet. To complete the pro forma balance sheet, the CFO must:a. Include $16.10 of external financing needed (EFN).
b. Include $0.84 million of excess cash.
c. Include $16.10 of excess cash.
d. Include $0.84 million of external financing needed (EFN).
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