Question: Problem 4-1 Pro Forma Statements (L01) Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Balance Sheet $

Problem 4-1 Pro Forma Statements (L01) Consider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Balance Sheet $ Sales Assets 29,700 Debt 24,850 $ 6,350 Costs 22,020 Equity 18,500 Net Income $ 7,680 Total Total 24,850 $ 24,850 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. (Input all answers as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Answer is complete and correct. Assets S Pro forma income statement Sales 32,670 Costs 24,222 Net income $ 8,448 Pro forma balance sheet 27,335 Debt Equity 27.335 Total Debt and Equity 6,985 20.350 27,335 Total Assets s $ 21.335 What is the plug variable? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Answer is not complete. The plug variable is in the amount of
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