Forecasting the Statement of Cash Flows
Refer to the Abercrombie & Fitch Co. financial information in Exercise 11-18. Prepare a forecast of fiscal 20 14 statement of cash flows.
Analyzing, Forecasting, and Interpreting Income Statement and Balance Sheet
Following are the income statements and balance sheets of Abercrombie & Fitch Co.
a. Forecast Abercrombie & Fitch 's fiscal 2014 income statement and balance sheet using the following relations($ in thousands). Assume all capital expenditures are purchases of property and equipment.
b. What does the forecasted adjustment to balance the accounting equation from part revea l to us about the forecasted financing needs of the company? Explain.
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