Consider the following simplified financial statements for


Consider the following simplified financial statements for the Yoo Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 32,400 Assets $ 23,700 Debt $ 6,200 Costs 26,760 Equity 17,500 Net income $ 5,640 Total $ 23,700 Total $ 23,700 The company has predicted a sales increase of 9 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 $

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Financial Management: Consider the following simplified financial statements for
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