As I have come to know that the management is re-considering the additional bank overdraft to pay off the suppliers and reduce the payable period to 40 days, I am preparing this report with the objective of assisting you and provide you with real scenario our company is going through.
-Forecast for 2016
*Revenue figures are assumed to increase by 5% during 2016, while all the other expenses increase in proportion to revenue.
As we can witness from the above forecasted income statement, our net income is only expected to increase by $0.01 million, and with current situation where Continue reading...