1. Business
  2. Economics
  3. consider the following simplified financial statements for the wims corporation...

Question: consider the following simplified financial statements for the wims corporation...

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Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $38,000 Assets $27,300 Debt 6,700 Equity 20,600 Costs 32,600 Net $5,400 Total $27300 Total $27,300 income The company has predicted a sales increase of 15 percent. Assume Wims pays out half es of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not Prepare the pro forma statements. (Input all amounts as positive values. Do not intermediate calculations.) round Pro forma income statement Sales Costs Net income Pro forma balance sheet Debt Equity |Total Assets Total Determine the external financing needed. (Do not round intermediate calculations.A negative answer should be indicated by a minus sign.) External financing needed
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