The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well. Create the pro forma statements and reconcile them. (Input all answers as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Pro forma income statement Sales $ Costs Net income 43,456 37,094 6,362 Total Assets Assets $ Pro forma balance sheet 28,448 Debt Equity 28,448 Total Debt and Equity What is the plug variable? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) The plug variable is dividends paid in the amount of $ $ 7,168 21,280 28,448

The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well. Create the pro forma statements and reconcile them. (Input all answers as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Pro forma income statement Sales $ Costs Net income 43,456 37,094 6,362 Total Assets Assets $ Pro forma balance sheet 28,448 Debt Equity 28,448 Total Debt and Equity What is the plug variable? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) The plug variable is dividends paid in the amount of $ $ 7,168 21,280 28,448

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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