1a). Forecast AutoZone's 2017 income statement and balance sheet using the following relations ($ in...
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Accounting
1a). Forecast AutoZone's 2017 income statement and balance sheet using the following relations ($ in thousands). All percentages (other than sales growth and provision for income taxes) are based on percent of net sales.
1b). What does the forecasted adjustment to balance the accounting equation from part A reveal to us about the forecasted cash balance and related financing needs of the company? Explain.
2. Refer to AutoZone financial information: Prepare a forecast of FY2017 statement of cash flows.
Link to problem: https://www.chegg.com/homework-help/questions-and-answers/1a--forecast-autozone-s-2017-income-statement-balance-sheet-using-following-relations-thou-q33284552
This has the answer but unsure if it is correct and I want to see how they go those answers at A and B and E12-22. All information is posted in the link. Need a step by step.
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