complete Problems 17-7 Roberts Inc.and 17-8 Ambrose Inc

| November 24, 2016

Question
Estimating Financing Needs
In accounting, we know that the income statement provides a record of what led to net income for the year. Just as you might develop a forecast of the future year’s budget, financial professionals forecast future income by developing a one-year forecast of the firm’s income statement, more commonly known as the pro forma income statement. Taken together with assumptions about future assets, liabilities, and retained earnings, one can estimate future long-term financing needs for the corporation.

For this Assignment, complete Problems 17-7 (one year pro forma statement) and 17-8 (forecast of long-term debt financing need) in the attached file.
In addition, provide two or more suggestions on what Ambrose Inc. could do to reduce the forecasted debt financing (the managerial part of financing). Be sure to provide rationales as to why your suggestions will be effective in reducing the forecasted debt financing need.

Submit this Assignment (both your Excel and Word files with 2-3 pages in length)

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