10. The following is a simplified financial statement for Bull-Run Inc. The company has predicted...
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10. The following is a simplified financial statement for Bull-Run Inc. The company has predicted a sales increase of 15 percent. Assume Bull-Run pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Assume no income taxes. Prepare the pro forma statements and determine the External Financing Needed. Enter all amounts as positive values. Round your answer to the nearest whole number. Statement of Comprehensive Income Sales Cost Net Income Statement of Financial Position $ 5,200 10.600 $15,800 Debt $23,000 16.700 $ 6,300 Assets $15,800 Equity Total 15,800 Total
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