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QUESTION

You are the CEO of a newly formed company that provides computer maintenance services to Fortune 1000 companies.

You are the CEO of a newly formed company that provides computer maintenance services to Fortune 1000 companies. Before she considers the company's business loan application, your banker requests pro forma income statements and balance statements for the next two years from you. Describe the process that you will use to conduct your forecasts. Do you see any problems with the forecasting process that you describe?

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