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Item 1 6 points eBookPrintReferencesCheck my workCheck My Work button is now enabledItem 1 Consider the following simplified financial statements for the Furukawa Corporation (
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Consider the following simplified financial statements for the Furukawa Corporation assuming no income taxes:
Income Statement Balance Sheet
Sales $ Assets $ Debt $
Costs Equity
Net income $ Total $ Total $
The company has predicted a sales increase of 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. Prepare the pro forma statements.
Note: Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, eg
What is the external financing needed?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, eg
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