Question: D TOu SAipped this question in the previous attempt. Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement
D TOu SAipped this question in the previous attempt. Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $38,000 ts $27,300 Debt 6,700 Equity 20,600 Costs 32,600 Net s 5,400 Total $27,300 Total $27,300 es The company has predicted a sales increase of 15 percent. Assume Wims 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.) Pro forma balance sheet Pro forma income statement Debt Assets Sales Costs Net income Total
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