Home / Questions / Consider the following simplified financial statements for the Yoo Corporation (assuming n
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Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 40,000 | Assets | $ | 26,000 | Debt | $ | 7,000 | |||
| Costs | 34,160 | Equity | 19,000 | ||||||||
| Net income | $ | 5,840 | Total | $ | 26,000 | Total | $ | 26,000 | |||
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The company has predicted a sales increase of 20 percent. Assume Yoo 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. |
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Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.) |
| Pro forma income statement | Pro forma balance sheet | |||||||
| Sales | $ | Assets | $ | Debt | $ | |||
| Costs | Equity | |||||||
| Net income | $ | Total | $ | Total | $ | |||
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What is the external financing needed? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) |
| External financing needed | $ |
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