Question: please help :) Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 23,000 Assets


Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 23,000 Assets $ 9,400 Debt $ 4,900 Costs 14,300 Equity 4,500 Net income $8,700 Total $9.400 Total $ 9,400 The company has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here? The most recent financial statements for Assouad, Incorporated, are shown here: Income Statement Sales $ 3,700 Costs 2,300 Taxable income $1,400 Taxes (22%) 308 Net income $ 1,092 Balance Sheet Current Current assets $4,800 $ 790 liabilities Fixed assets 5,400 Long-term debt 3,520 Equity 5,890 Total $ 10,200 Total $ 10,200 IS Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 60 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 30 percent What is the external financing needed? The most recent financial statements for Bello Company are shown here: Income Statement Sales $4,700 Costs 3,102 Taxable $1,598 income Taxes (22%) 352 Net income $1,246 Balance Sheet Current assets $ 4,996 Debt Fixed assets 12,230 Equity $ Total Total 17,226 $ 9,988 7,238 $ 17,226 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 20 percent dividend payout ratio. What is the internal growth rate
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