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 $27,000
Using the financial information for Gerrard Corp. below create the pro forma financial statements and reconcile them assuming no income taxes, Income Statement Sales $27,000 Assets Costs 14,000 Net income $13,000 Total Balance Sheet $9,600 Debt Equity $9,600 Total $4,300 5,300 $9,600 The company has predicted a sales increase of 11 percent. It has predicted that every item on the balance sheet will increase by 11 percent as well. Compute the plug variable here?for Gerrard Corp. Multiple Choice $13,847 O $21.974 $13,824 $13,830 $13.818
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