Info

Equity

1,500

Net income

$ 4,000

Total

$4,300

Total

$4,300

Lafferty Ranch has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here? Pro Forma Statements and EFN In the previous question, assume Lafferty Ranch 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 and determine the external financing needed.

Calculating EFN The most recent financial statements for Bradley's Bagels, Inc., are shown here (assuming no income taxes):

Income Statement

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