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46) The Wirl-Wind Company of America is trying to plan for the next year. Using the current income statement and balance sheet given in Table
46) The Wirl-Wind Company of America is trying to plan for the next year. Using the current income statement and balance sheet given in Table 4.8, and the additional information provided, prepare the company's pro forma Income Statement and Balance Sheet. Sales are projected to increase by 15 percent. Total of $75,000 in dividend will be paid. . minimum cash balance of $650,000 is desired .. new asset for $50,000 will be purchased. Eepreciation expense for next year is $50,000 .Marketable securities wil remain the same. notes payable, and accruals will increase by Accounts receivable, inventory, accounts payable, 15 percent. $30,000 new issue of bond will be sold No new stock will be issued
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