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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 28,000 Assets $ 9,700 Debt
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): |
Income Statement | Balance Sheet | ||||
---|---|---|---|---|---|
Sales | $ 28,000 | Assets | $ 9,700 | Debt | $ 4,600 |
Costs | 13,400 | Equity | 5,100 | ||
Net income | $ 14,600 | Total | $ 9,700 | Total | $ 9,700 |
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. What is the plug variable here? |
Multiple Choice
$15,455
$15,437
$24,241
$15,441
$15,432
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