Business, 19.02.2020 01:54 v4leriaaa

Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $30,500 Assets $23,250 Debt $ 6,750 Costs 23,910 Equity 16,500 Net income $ 6,590 Total $23,250 Total $23,250 The company has predicted a sales increase of 20 percent. It has predicted that every item on the balance sheet will increase by 20 percent as well. Create the pro forma statements and reconcile them. (Input all answers as positive values. Do not round intermediate calculations.)

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Consider the following simplified financial statements for the Wims Corporation (assuming no income...

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