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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $28,000 Assets Costs 14.100 Net income $13,900 Total
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $28,000 Assets Costs 14.100 Net income $13,900 Total Balance Sheet $10,600 Debt Equity $10.600 Total $5,200 5,400 $10,600 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. What is the plug variable here? Multiple Choice $14,728 O $14,723 O $14,750 O $24,630
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