Dear All
Attached please find students spread sheet of Flash Memory.
You are required prepare actual (2007 -2009) and forecasted (2010 -2012) financial statements (income statement and balance sheet) as per the formats given in Exhibits 2 and Exhibit 3 of the case assuming
1.No investment is made in product line
2.Acceptance of investment in new product line ,no sale of common stock,and all borrowings @9.25% and
3.Acceptance of investment in new product line ,sale of 300,000 Shares of common stock receiving net proceeds of $23 per share ,and all borrowings @7.25%
Both income statements and balancesheet can be in the same sheet to make the comparision easier.