Dig deep into the Fax Corporation’s financial statements to find what is most impacting their future cash flows. Search for the key results that are impacting Fax Corporation’s future borrowing requirements. Answer the following:
a. Prepare a statement of forecasted cash inflows and outflows (what-if analysis) for the year ended December 31, Year 2.
b. Will FAX Corporation have to borrow money in Year 2?
CHECK
Forecast cash needed, $55,920
