Question
Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Balance Sheet
| Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. |
| Income Statement | Balance Sheet | ||||
| Sales | $21,000 | Assets | $9,800 | Debt | $4,500 |
| Costs | 14,200 | Equity | 5,300 | ||
| Net income | $6,800 | Total | $9,800 | Total | $9,800 |
| The company has predicted a sales increase of 8 percent. It has predicted that every item on the balance sheet will increase by 8 percent as well. |
| Compute the plug variable here?for Gerrard Corp. |
Multiple Choice
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$6,907
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$15,560
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$6,920
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$6,903
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$6,899
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
