Table 33 shows the december 31 2012 pro forma balance sheet


Table 3.3 shows the December 31, 2012, pro formal balance sheet and income statements for R&E Supplies, Inc. The pro forma bal- ance sheet shows that R&E Supplies will need external funding from the bank of $1.4 million. However, they show almost $1.3 million in cash and short-term securities. Why are they talking to the bank for such a large amount when they have most of this sum in their cash account?

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Finance Basics: Table 33 shows the december 31 2012 pro forma balance sheet
Reference No:- TGS01513225

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