This week, you will build your draft financial plan. You will need to do it for the first two years. Use the Comparable method (please refer to chapter 9 of your textbook for further information).
For this week, complete the following:
Complete a list of key financial assumptions that drive your revenue projections, cost of goods sold and operating expenses. Identify 2-3 companies to benchmark (financial information can be found on their annual reports which are public).
· An opening day balance sheet (your balance sheet MUST BALANCE)
· A monthly cash flow statement for years 1 and 2
· An income statement for years 1 and 2
Please use the templates provided to build your pro-forma financial statements. Please be aware, the included worksheets do not interact with one another. You will need to enter information on each of the worksheets.