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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $45,700 Assets $21,900 Debt $5,900 Costs40,100 Balance Sheet
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales $45,700 Assets $21,900 Debt $5,900 Costs40,100 Balance Sheet Equity 16,000 innte $ 5.600 Total $21900 Total $21,900 ok income Int The company has predicted a sales increase of 6 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not amounts as positive values. Do not round Prepare the pro forma statements. (Input all intermediate calculations and round your answers to the nearest whole dollar amount.) Pro forma balance sheet Pro forma income statement Sales Costs Net income 5,900 48,442Assets 23,214 Debt 42,506 Equity 5,936 Total 23214 Total Prev 2 of6 Next>
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