Calculating a five-year pro forma is very much like calculating a one-year pro forma, only it covers a more extended period of time. A document predicting five years' worth of sales and cash flow is ...

A pro forma invoice is a speculation, a best guess about the cost of an order before it's been filled. Pro forma invoices are commonly used for importing and exporting, especially when the buyer and ...

Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Eric's career includes extensive work in ...