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12. Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Balance Sheet Income Statement $ 26,500 $ 34,000 Assets Debt Sales Equity $ 7,000 19,500 $ 26,500 27,330 $ 26,500 Costs $ 6,670 Total Total Net income The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable and what is it's value? Plug variable is =

12. Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Balance Sheet Income Statement $ 26,500 $ 34,000 Assets Debt Sales Equity $ 7,000 19,500 $ 26,500 27,330 $ 26,500 Costs $ 6,670 Total Total Net income The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable and what is it's value? Plug variable is =

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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12. Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Balance Sheet Income Statement $ 26,500 $ 34,000 Assets Debt Sales Equity $ 7,000 19,500 $ 26,500 27,330 $ 26,500 Costs $ 6,670 Total Total Net income The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable and what is it's value? Plug variable is =
Transcribed Image Text:12. Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Balance Sheet Income Statement $ 26,500 $ 34,000 Assets Debt Sales Equity $ 7,000 19,500 $ 26,500 27,330 $ 26,500 Costs $ 6,670 Total Total Net income The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable and what is it's value? Plug variable is =
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