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Based on Jim's expectation of 10.1% sales growth and payout ratio of 82.8% of net income next year, Jim developed the pro forma financial statements
Based on Jim's expectation of 10.1% sales growth and payout ratio of 82.8% of net income next year, Jim developed the pro forma financial statements given below. What will be the amount of net new financing needed for Jim's Espresso? Click the icon to view the pro forma financial statements. (Select from the drop-down menu.) The total new financing will be $. (Round to the nearest dollar.) - Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income $229,834 (109,021) $120,813 (6,584) $114,229 (506) $113,723 (39,803) $73,920 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,537 2,136 4,514 $23,187 11,010 $34,197 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,762 4,040 $5,802 $38,134 $43,936
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