Cash Flow Valuation Models
Develop a forecast model for a software development company.
Part 1:
Obtain the most recent financial statements (the annual report or Form 10-K) for a software development company from the U.S. Securities and Exchange Commission Web site (https://www.sec.gov/).
Part 2:
Using your Small Group Discussion Board, discuss and decide upon the best ratios for creating a forecast model for sales through operating income.
Part 3:
Develop a forecast model for sales through operating income. Create the forecast in Excel. In a Word document, describe the set of assumptions (ratios) you used, and explain how you justify them.