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Accounting Power Point
Techno Corporation Presentation
Techno Corporation is developing its pro forma financial statement forecasts for 2020 and 2021. Its actual results for 2019 are shown in the income statement and balance sheet.
Background
The relationship between cost of goods sold and sales revenue Is expected to continue in the near term and no inflation is expected.
Operating expenses include $200,000 in depreciation (fixed expense), the remainder is variable costs tied to sales revenue.
Fixed assets are adequate to support sales growth for the next two years and long=term debt will decline $200,000 per year.
Dividend policy calls for 40% of net profits after taxes to be paid before yearend.
Interest is 10% of long-term debt and notes payable
Inventory needs to grow at half the rate of sales growth and accounts receivable maintains the same relationship to sales as was the case on December 31, 2019 for 2019 sales. Accounts payable maintains the same relationship to cost of good sold as of December 31, 2019 for 2019 sales.
Any cash over $500,000 is put in marketable securities, Interest income is negligible
Other current liabilities are stable.
Taxes payable are equal to one-half of the current year’s taxes
Assume sales will increase 10% per year for each of the next two years.
Assignment
You are a financial manager, internal to this firm. You have been asked to present in front of investors who are interested in putting large amounts of money into this company. Your goal is to use the data of these financial statements to convince them to do so. Complete a power point presentation that provides an initial impression of the company financial situation. Please provide an analysis on the company’s assets, liabilities, cash, and profit. Prepare 15 slides (NOT INCLUDING TITLE AND REFERENCE SLIDE WHICH YOU MUST INCLUDE). with 200 words in the notes page. Speak to the trends of the firm.
Your submission should conform to APA FORMAT STRICTLY.
Include scholarly references as needed in addition to the course textbook to support your views.
Chapter 9 in Financial Statement Analysis
Lahart, J. (2016). Investing red flag: Pro forma results and share-price performance; the bad news that companies ignore in pro forma results shows up in their stock performance–eventually. Wall Street Journal.
Lee, R., & Curatola, A. P. (2017). Does the content of pro forma earnings influence nonprofessional investors? Management Accounting Quarterly, 18(4), 1-7.
Newstex Blogs. (2018, December 4). Investopedia stock analysis: Valuing A company using the residual income method. Chatham: Newstex.
Subramanyam, K. R. (2014). Financial statement analysis (11th ed.). New York, NY: McGraw Hill. ISBN13: 9780078110962
Wahlen, J. M., Baginski, S. P., & Bradshaw, M. T. (2011). Financial reporting, financial statement analysis, and valuation: A strategic perspective (7th ed.). Mason, OH: South-Western Cengage Learning.
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