Financial Plan

39490This 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