According to the textbook, the ________ are the heart of the financial section of a business plan.
A) financial ratios
B) pro forma financial statements
C) budgets
D) sources and uses of funds statements
E) break-even analyses

Question

Quizplus · Accepted Answer

Pro forma financial statements are forward-looking statements that project a business's financial performance based on assumptions and forecasts. These statements include projected income statements, balance sheets, and cash flow statements. They are the heart of the financial section of a business plan because they demonstrate the financial feasibility and potential profitability of the business concept. The other options listed are important components of the financial section, but they are not as comprehensive or central to the financial analysis as pro forma financial statements.

According to the Textbook, the ________ Are the Heart of the Financial