1 Using The Information In The Hanson Ski Products Balance Sheet For March 31 19

1.Using the information in the Hanson Ski Products balance sheet for March 31, 1985 (Exhibit 2), and the fiscal year 1987 budgets (Exhibits 3 and 4), prepare a projected balance sheet for Hanson Ski Products for March 31, 1987, (To do this, you will need to estimate the size of the commercial bank loan-“ Notes-bank”-On that date.) Does your balance sheet tell you whether or not the plans on which the budgets are based are feasible?

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