Question: Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Sales $19,000

Using the financial information for Gerrard Corp. below create the pro

Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes. Income Statement Sales $19,000 Assets Costs 13,700 Net income $5,300 Total Balance Sheet $8,900 Debt Equity $8,900 Total $4,400 4,500 $8,900 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. Compute the plug variable here?for Gerrard Corp. Multiple Choice $13,740 $5,366 $5,362 $5,380 0 $5,357

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