For a take home case, I was given a high level income statement and balance sheet statement.
I'm trying to forecast 3 years, and was wondering if anyone could offer some advice.
I was able to forecast the income statement, but for the balance sheet, is there a quick, high-level way to do this without building out cash flow, and working capital statements?
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For the balance sheet, you can use all the various appropriate ratios (i.e. inventory turnover ratio) to figure out accounts receivable, inventory, accounts payable. Something like cash/debt you have to ask yourself how much cash/debt do they need in the future to sustain their current levels. Retained earnings comes from income statement (net income - dividends). That's pretty general/high level. Hope this helps.
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