Based on Jim's expectation of 10.1% sales growth and payout ratio of 84.05% 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 follwoing icon in order to copy its contents into a spreadsheet. Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income $212,427 (109,924) $102,503 (6,617) $95,886 (330) $95.556 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,592 2,103 4,481 $23,176 11,120 $34.296 Property, Piant, and Equipment Total Assets 11,120 $34,296 interest Expense (net) Pre-tax Income Income Tax Net Income (330) $95,556 (23,889) $71,667 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,652 3,930 $5,582 $37,151 $42,733 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 new financing will be $ (Round to the nearest dollar.) Based on Jim's expectation of 10.1% sales growth and payout ratio of 84.05% 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 follwoing icon in order to copy its contents into a spreadsheet. Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income $212,427 (109,924) $102,503 (6,617) $95,886 (330) $95.556 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $16,592 2,103 4,481 $23,176 11,120 $34.296 Property, Piant, and Equipment Total Assets 11,120 $34,296 interest Expense (net) Pre-tax Income Income Tax Net Income (330) $95,556 (23,889) $71,667 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,652 3,930 $5,582 $37,151 $42,733 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 new financing will be $ (Round to the nearest dollar.)
