a) Based on the assumptions sheet provided, construct the pro forma financial
statements (which include a statement of profit or loss and a statement of financial
position) for Taste Good. Please use cell reference for calculating different values for
the proforma statements. For your convenience, I have copied and pasted the
assumptions in the “Excel_Template_Student” file.
b) Compute Taste Good’s gearing ratios for the year-end of 2022 to 2025 using the pro
forma financial statements. Show all calculations.
Gearing Ratio = Book value of interest-bearing liabilities / (Book value of interestbearing liabilities + Book value of equity)