Question: I just need the plug variable at the end. All other answers are correct. Consider the following simplified financial statements for the Yoo Corporation (assuming
I just need the plug variable at the end. All other answers are correct.
| Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 30,500 | Assets | $ | 23,250 | Debt | $ | 6,750 | |||
| Costs | 23,910 | Equity | 16,500 | ||||||||
| Net income | $ | 6,590 | Total | $ | 23,250 | Total | $ | 23,250 | |||
| The company has predicted a sales increase of 20 percent. It has predicted that every item on the balance sheet will increase by 20 percent as well. |
| Create the pro forma statements and reconcile them. (Input all amounts as positive values. Do not round intermediate calculations.) |
| Pro forma income statement | Pro forma balance sheet | |||||||
| Sales | $ | Assets | $ | Debt | $ | |||
| Costs | Equity | |||||||
| Net income | $ | Total | $ | Total | $ | |||
| What is the plug variable? |
| The plug variable is (Click to select) retained earnings dividends paid in the amount of $ |
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