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Determine the external financing needed

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Reference no: EM132251938

Question - Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes):

Income Statement Balance Sheet

Sales $38,000

Assets $27,300

Debt $6,700

Costs 32,600

Equity 20,600

Net income $5,400

Total $27,300 $27,300

The company has predicted a sales increase of 15 percent. Assume Wims 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.)

Determine the external financing needed.

Reference no: EM132251938

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