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Acct 102 - Budget Worksheet.docx - Page 1 of 2 Robert...

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Page 1 of 2Robert Pickert, Jr.Professor Dick WalstraACCT 1023/24/19Budget Worksheet NarrativeTo arrive at my forecasted numbers: I took the change in each account from 2016 to 2017and then 2017 to 2018, and then averaged them. After arriving at the average change in eachaccount from 2016 to 2018, I added the percentage to 1 (100 + XX%), and multiplied it by themost recent value of that account; in this case, it was the year 2018. I then followed the regularprocedure of the Budget Worksheet to calculate the values of each account by adding andsubtracting the appropriate values.By doing so I arrived at some pretty shocking numbers. For the fiscal year of 2018,Cardinal Health had a negative Free Cash Flow; and I predict that it will continue to be negativeinto the coming fiscal year, 2019. For the case of Cardinal Health, I am concerned that, like Istated previously, that they will not be able to pay off their short term debts. Cardinal Health’s

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Term
Fall
Professor
N/A
Tags
Finance, Addition, Corporate Finance, Generally Accepted Accounting Principles, Cardinal Health

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