Class Notes (836,614)
Canada (509,865)
Finance (549)
FIN 300 (216)
Sui Sui (2)
Lecture

percentofsales.pdf

1 Page
133 Views
Unlock Document

Department
Finance
Course
FIN 300
Professor
Sui Sui
Semester
Fall

Description
CFIN300Supplementary Note on Class 2Clarification on the Percentage of Sales Approach For those items that are proportional to sales there are two equivalent ways to calculate them in the pro forma balance sheets and income statements They will yield the same result1 Calculate the original ratio of the item over sales both in the earlier period Then multiply this ratio by the new sales figure in the later period to get the new figure for the item in questionExample Calculate the Cash account in the pro forma balance sheet Cash 2Cash1 aCashSales ratio Sales1Cash1
More Less

Related notes for FIN 300

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit