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32 Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Sales $ 39,400 Costs 34,700 Assets Balance Sheet
32 Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Sales $ 39,400 Costs 34,700 Assets Balance Sheet $ 29,200 Debt Equity $ 9,400 19,800 10 points Net income $ 4,700 Total $ 29,200 Total $ 29,200 Skipped 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. Print . References 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 Pro forma balance sheet Sales Assets Debt Costs Equity Net income Total Assets 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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