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Based on in's expectation of 10% sales growth and payout ratio of 90% of net income next year, Jim developed the pro forma financial statements

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Based on in's expectation of 10% sales growth and payout ratio of 90% of net income next year, Jim developed the pro forma financial statements based on the current francial statements pven below. What is the amount of net new financing needed for Sim's Espresso? Income Statement $200.000 Sales Costs Except Depreciation EBITDA 100,000 100,000 6.000 Depreciation EBIT 94000 - Interest Expense Inet 400 Pretax income 93.600 -Income Tax (35% 32.760 Net Income $60,840 Balance Sheet Assets Cash and Equivalents $15.000 Accounts Receivable 2.000 Inventories 4.000 Total Current Assets 21,000 Property. Plant and 10,000 Equipment Total Assets $31,000 Liabilities and foulty Accounts Payable $1.500 Debt 4.000 Total Liabilities 5,500 Stockholden City 25.500 Total Liabilities and Equity $31.000 Answer: The total new francis will be Ooond to the newest dollar. For excess in Runding enters native number)

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