Sales Costs Taxable Income Income Taxes Income Statement Sales -The most recent financial statements for a compan Costs €65.000,00 €45.000,00 €20.000,00 C 5.000,00 Net Income €15.000,00 Assets and costs are proportional to sales. Debt and equity are not. A dividend of €10.000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be €84.500,00. a) Create the pro forma statements and reconcile them. Pro-Forma Income Statement Taxable Income Assets Total Taxes (25%) € 80.000,00 €80.000,00 Balance Sheet Debt Equity Total Assets Total €20.000,00 €60.000,00 €80.000,00 Pro-Forma Balance Sheet Debt Equity Total
Sales Costs Taxable Income Income Taxes Income Statement Sales -The most recent financial statements for a compan Costs €65.000,00 €45.000,00 €20.000,00 C 5.000,00 Net Income €15.000,00 Assets and costs are proportional to sales. Debt and equity are not. A dividend of €10.000 was paid, and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be €84.500,00. a) Create the pro forma statements and reconcile them. Pro-Forma Income Statement Taxable Income Assets Total Taxes (25%) € 80.000,00 €80.000,00 Balance Sheet Debt Equity Total Assets Total €20.000,00 €60.000,00 €80.000,00 Pro-Forma Balance Sheet Debt Equity Total
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 1MCQ
Related questions
Question
![6.
Sales
Costs
Taxable Income
Income Taxes
Income Statement
Sales
Costs
-The most recent financial statements for a company are:
Taxable Income
€ 65.000,00
€45.000,00
€ 20.000,00
C 5.000,00
a) Create the pro forma statements and reconcile them.
Pro-Forma Income Statement
Net Income
€15.000,00
Assets and costs are proportional to sales. Debt and equity are not. A dividend of €10.000 was paid,
and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be
€84.500,00.
Net Income
Assets
Total
Income Taxes (25%)
€ 80.000,00
€ 80.000,00
Assets
Balance Sheet
Debt
Equity
Total
Total
b) Determine the external financing needed.
€ 20.000,00
€60.000,00
€80.000,00
Pro-Forma Balance Sheet
Debt
Equity
Total](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F933c0c63-eb3d-4c0d-ad59-3bf2a496afd3%2F22fe5f6e-7c3a-4435-8d37-dc4c84775fe5%2Fb2zs4p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6.
Sales
Costs
Taxable Income
Income Taxes
Income Statement
Sales
Costs
-The most recent financial statements for a company are:
Taxable Income
€ 65.000,00
€45.000,00
€ 20.000,00
C 5.000,00
a) Create the pro forma statements and reconcile them.
Pro-Forma Income Statement
Net Income
€15.000,00
Assets and costs are proportional to sales. Debt and equity are not. A dividend of €10.000 was paid,
and the company wishes to maintain a constant payout ratio. Next year's sales are projected to be
€84.500,00.
Net Income
Assets
Total
Income Taxes (25%)
€ 80.000,00
€ 80.000,00
Assets
Balance Sheet
Debt
Equity
Total
Total
b) Determine the external financing needed.
€ 20.000,00
€60.000,00
€80.000,00
Pro-Forma Balance Sheet
Debt
Equity
Total
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