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Simplified financial statements for the yoo corporation

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Reference no: EM131891130

Pro Forma Statements [LO1] Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes):

Income Statement Balance Sheet

Sales $36,000 Assets 26,400 Debt 6,3000

Costs 29,800 Equity 20,100

Net Income 6,200 Total 26,4000 26,400

The company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here?

Reference no: EM131891130

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