3 financial statement modeling help!
Hi all,
I'm struggling with a 3 financial statement modeling case study. I've attached my excel file and the given assumption here. I hope you can help me out.
I have 3 main problems:
-
The VAT: I was given the price including VAT to model the P&L. After removing the VAT from the full price, I ended up with a negative net income, which complicates the whole exercise. I am not sure if I did the P&L correctly and that's where I'm stuck. Could you take a look at my P&L and give me some feedbacks on it?
-
Regarding debt: They only mentioned the amount oustanding in 2020. Should I interpret that as end of 2020? If so, how should I estimate the interest expense in 2020?
-
I should define the level of cash in 2020 using my own assumptions. What is appropriate cash balance for such business? 2 months of revenue?
Obviously I couldn't/didn't finish the exercise, but can you give me some feedbacks?
| Attachment | Size |
|---|---|
| My excel file 17.62 KB | 17.62 KB |
| Case study 3 financial statements modeling.docx 15.79 KB | 15.79 KB |
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