Based on Jim's expectation of 10.1% sales growth and payout ratio of 80.03% of net income next year, Jim developed the pro forma financial statements given below. What is the amount of net new financing needed for Jim's Espresso? Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Pro Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pretax Income Income Tax Net Income 214,838 109,649) 105,189 6,672) 98,517 517) 98,000 24,500) 73,500 16,537 2312 4426 23,275 perty, Plant, and Equipment Total Assets 10977 34,252 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 1,663 4010 5,673 40,268 45,941 The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation effectively expensing capital expenditures However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. (Select from the drop-down menu.) The total newfinancing will be $ (Round to the nearest dollar.) Based on Jim's expectation of 10.1% sales growth and payout ratio of 80.03% of net income next year, Jim developed the pro forma financial statements given below. What is the amount of net new financing needed for Jim's Espresso? Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Pro Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pretax Income Income Tax Net Income 214,838 109,649) 105,189 6,672) 98,517 517) 98,000 24,500) 73,500 16,537 2312 4426 23,275 perty, Plant, and Equipment Total Assets 10977 34,252 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 1,663 4010 5,673 40,268 45,941 The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation effectively expensing capital expenditures However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. (Select from the drop-down menu.) The total newfinancing will be $ (Round to the nearest dollar.)
