Using the sample financial statements, create pro forma
statements of five year projections that are clear, concise, and
easy to read. Be sure to double check the calculations in your pro
forma statements. Make assumptions that support each line item
increase or decrease for your forecasted statements.
Discuss and interpret the financials in relation to the
initiative. Make recommendations on potential discretionary
financing needs.
XYZ Company, INC.
Balance Sheet
For Year Ending December 31, 20XX
ASSETS
Current Assets
Cash
10,525
Accounts Receivable
27,000
Inventory
30,000
2,000
Prepaid Expenses
Total Current Assets
69,525
Fixed Assets
215,000
Property—net of depreciation
80,000
Equipment—net of depreciation
5,000
Vehicles—net of depreciation
Total Fixed Assets
300,000
Total Assets
369,525
LIABILITIES
Current Liabilities
20,000
Revolving lines of credit
5,000
Accounts Payable
Current Portion of Long-term Debt
Total Current Liabilities
15,000
40,000
Long-term Liabilities
Long-term debt and capital leases
45,500
Loans payable to stockholders
60,500
Total Long-term Liabilities
106,000
Total Liabilities
146,000
Stockholders Equity
1,000
Common stock
Additional Paid-in Capital
25,000
Retained Earnings (Cum from prior years)
53,190
Retained Earnings (From current P&L)
144,335
Total Stockholders Equity
223,525
Total Liabilities and Stockholders Equity
369,525
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