Consider the following simplified financial statements for the Yo

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Consider the following simplified financial statements for the Yoo Corporation (assuming n

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

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.

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	$

What is the external financing needed? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

External financing needed

Abhinav 03-Dec-2019

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Consider the following simplified financial statements for the Yoo Corporation (assuming n

Consider the following simplified financial statements for the Yoo Corporation (assuming n

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