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Category > Accounting Posted 21 Sep 2017 My Price 3.00

R&E Supplies, Inc.

Table 3.3 shows the December 31, 2012, pro forma balance sheet and income statements for R&E Supplies, Inc. The pro forma balance 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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Maurice Tutor
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Status NEW Posted 21 Sep 2017 08:09 PM My Price 3.00

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