Using the information in the balance sheet for March 31, 1986 (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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Using the information in the balance sheet for March 31, 1986 (Exhibit 2), and the fiscal year 1987...
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