Question: (10 Question 2 Marks) a. The below financial statements are from Space-Z PLC. The finance manager has predicted a 15% growth in sales/ expenses and

(10 Question 2 Marks) a. The below financial statements are from

(10 Question 2 Marks) a. The below financial statements are from Space-Z PLC. The finance manager has predicted a 15% growth in sales/ expenses and predicted that all balance sheet items will increase by 15%. Calculate and identify the plug variable after reconciling the Pro-forma statements. (6 Marks) Income statement Balance Sheet Sales Assets 20,000 18,000 2,000 10,000 Equity Debt Expenses Net profit 5,000 5,000 10,000 10,000

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