Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes) Income Statement Balance Sheet Sales $ 45,700 Assets $ 21,900 Debt $ 5,900 Costs 40,100 Equity 16,000 Net...

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Finance

Consider the following simplified financial statements for theWims Corporation (assuming no income taxes)
Income Statement Balance Sheet
  Sales $ 45,700   Assets $ 21,900   Debt $ 5,900
  Costs 40,100   Equity 16,000
    Net income $ 5,600     Total $ 21,900     Total $ 21,900
The company has predicted a sales increase of 6 percent. Assumethe company pays out half of net income in the form of a cashdividend. Costs and assets vary with sales, but debt and equity donot.
Prepare the pro forma statements. (Input all amounts aspositive values. Do not round intermediate calculations and roundyour answers to the nearest whole dollar amount.)
Consider the following simplified financial statements for theWims Corporation (assuming no income taxes):
Income Statement Balance Sheet
  Sales $ 45,700   Assets $ 21,900   Debt $ 5,900
  Costs 40,100   Equity 16,000
    Net income $ 5,600     Total $ 21,900     Total $ 21,900
The company has predicted a sales increase of 6 percent. Assumethe company pays out half of net income in the form of a cashdividend. Costs and assets vary with sales, but debt and equity donot.
Pro forma income statement Pro forma balance sheet
Sales Assets Debt
Costs Equity
Net income Total Total
What is the external financing needed? (Do not roundintermediate calculations. A negative answer should be indicated bya minus sign.)

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Consider the following simplified financial statements for theWims Corporation (assuming no income taxes)Income StatementBalance Sheet Sales$45,700 Assets$21,900 Debt$5,900 Costs40,100 Equity16,000 Net income$5,600 Total$21,900 Total$21,900The company has predicted a sales increase of 6 percent. Assumethe company pays out half of net income in the form of a cashdividend. Costs and assets vary with sales, but debt and equity donot.Prepare the pro forma statements. (Input all amounts aspositive values. Do not round intermediate calculations and roundyour answers to the nearest whole dollar amount.)Consider the following simplified financial statements for theWims Corporation (assuming no income taxes):Income StatementBalance Sheet Sales$45,700 Assets$21,900 Debt$5,900 Costs40,100 Equity16,000 Net income$5,600 Total$21,900 Total$21,900The company has predicted a sales increase of 6 percent. Assumethe company pays out half of net income in the form of a cashdividend. Costs and assets vary with sales, but debt and equity donot.Pro forma income statementPro forma balance sheetSalesAssetsDebtCostsEquityNet incomeTotalTotalWhat is the external financing needed? (Do not roundintermediate calculations. A negative answer should be indicated bya minus sign.)

Income Statement			Balance Sheet
Sales	$	45,700	Assets	$	21,900	Debt	$	5,900
Costs		40,100				Equity		16,000

Net income	$	5,600	Total	$	21,900	Total	$	21,900