Question
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 32,400 Assets $ 23,700 Debt
| Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 32,400 | Assets | $ | 23,700 | Debt | $ | 6,200 | |||
| Costs | 26,760 | Equity | 17,500 | ||||||||
| Net income | $ | 5,640 | Total | $ | 23,700 | Total | $ | 23,700 | |||
| The company has predicted a sales increase of 9 percent. It has predicted that every item on the balance sheet will increase by 9 percent as well. |
| Create the pro forma statements and reconcile them. (Input all answers as positive values. Do not round intermediate calculations.) |
| What is the plug variable? |
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The Critical Handbook Of Money Laundering Policy Analysis And Myths
Authors: Petrus C. Van Duyne, Jackie H. Harvey, Liliya Y. Gelemerova
1st Edition
1137523972, 978-1137523976
