Question: 2. 50.00 points Problem 4-2 Pro Forma Statements and EFN [L01, 2] Consider the following simplified financial statements for the Yoo Corporation (assuming no income
2. 50.00 points Problem 4-2 Pro Forma Statements and EFN [L01, 2] Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes) Sales 47,300 Assets $24,900 Debt$ 40,670 6,900 Equity18,000 Net income $ 6,630 Total $24,900 T$24,900 The company has predicted a sales increase of 20 percent. Assume Yoo pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount) Pro forma balance sheet Pro forma income statement Sales Costs Debt Equity Total Assets Net income Total What is the external fnancing needed? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) External finanoing needed
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