Business, 17.08.2021 15:20 gomez36495983
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes):
Income Statement Balance Sheet
Sales $23,000 Assets $9,800
Debt $6,000 Costs 14,500
Equity 3,800 Net income $8,500
Total $9,800 Total $9,800
The company has predicted a sales increase of 15 percent. Assume Wims pays out half of net income in the form of a cash dividend. Prepare the pro forma statements.
Answers: 3
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Consider the following simplified financial statements for the Wims Corporation (assuming no income...
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