Problem:
Based on the financial statement in the annual report for Wal-mart develop a set of Pro Forma financials (income statement and balance sheet) for the next fiscal year-end using the precent-of-sales method. Assume that the company's sales have increased by 15%
State what additional assumptions and information that you would need to prepare a cash budget
List the underlying assumptions of your analysis and computations
Describe your results and make recommendations to management.