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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes) Income Statement Sales Costs Balance Sheet $46,100 Assets $24,300 Debt 6,300
Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes) Income Statement Sales Costs Balance Sheet $46,100 Assets $24,300 Debt 6,300 Equity 18,000 39,630 Net income 6,470$24,300 Total $24,300 The company has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well Create the pro forma statements and reconcile them Pro forma income statement Sales Costs Pro forma balance sheet Assets Debt Equity Net income Total Total What is the plug variable? (Click to select)in the amount of $ dividends paid retained earnings The plug variable
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