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14 Pro Forma Financial Statements Income statement Balance sheet Sales $125.0 Assets $62.5 Debt $20+? Costs 112.5 Equity 36.25 Net $ 12.5 Total $62.5 Total

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14 Pro Forma Financial Statements Income statement Balance sheet Sales $125.0 Assets $62.5 Debt $20+? Costs 112.5 Equity 36.25 Net $ 12.5 Total $62.5 Total $50+12.5 Divs 6.25 Ret E. $6.25 Suppose that: 1. half of net income is paid out in dividends 2. the debt/equity ratio stays at 2/3 3. new equity sales are not feasible. What's the plug

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