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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 13,700 Net Income $14,300 Total
Consider the following simplified financial statements for the Wims Corporation (assuming no Income taxes): Income Statement Sales $28,000 Assets Costs 13,700 Net Income $14,300 Total Balance Sheet $10,500 Debt Equity $10.500 Total $5,900 4,600 $10.500 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 O $15,152 O $26,442 O $15.173 $15,161 O $15,156 O
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