Question
2 Consider the following simplified financial statements for the Wesney Corporation: (assuming no income taxes): 1.25 Income Statement points Sales Costs $39,400 Assets 34,700
2 Consider the following simplified financial statements for the Wesney Corporation: (assuming no income taxes): 1.25 Income Statement points Sales Costs $39,400 Assets 34,700 Balance Sheet $29,200 Debt Equity $9,400 19,800 Net $ 4,700 Total $29,200 Total $ 29,200 income eBook Hint Ask Print The company has predicted a sales increase of 15 percent. Assume Wesney pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) Pro forma income statement References Sales Costs Net income Assets Total Assets Pro forma balance sheet i Debt Equity Total Debt and Equity Determine the external financing needed. (Input all amounts as positive values. Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) External financing needed
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