Bottom Line on Budgeting --Dickeson

Why we did this and what useful purpose it would serve was hazy at best. I guess we did it because the accountants and the banking community said we should. Besides, everyone else was doing it and that, in itself, was reason enough. If you were a publicly held company, the stock investors wanted something they could base a PE (Price Earnings) ratio on, whether real or not, for valuing the stock.