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Based on Jim's expectation of 103% sales growth and payout ratio of 81 70% of net income next year Jin developed the pro forma financial

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Based on Jim's expectation of 103% sales growth and payout ratio of 81 70% of net income next year Jin developed the pro forma financial statements given below What is the amount of net new financing needed for Jim's Espresso Cick on the follwing kon in order to copy its contents into a spreadsheet Pro Forma Financial Statements Income Statement Balance Sheet Sales $217 280 Assets Costs Except Depreciation (110,190) Cash and Equivalents $10,655 EBITDA $107,090 Accounts Receivable 2,239 Depreciation (5,640) Inventones 4,390 EBIT 3100 450 Total Current Assets $23,284 Interest Expense (net) (221) Property. Plant and Equipment 10.997 Pre-tax Income $100,229 Total Assets $34 281 Income Tax (25.057) Question Help EBIT $100,450 Total Current Assets $23,284 Interest Expense (nel) (221) Property, plant, and Equpment 10,907 Pre-tax income $100.229 Total Assets $34,281 Income Tax (25,057) Not Income $75,172 Liabilities and Equity Accounts Payable 51.545 Debt 4.030 Total Liabilities $5,585 Stockholders' Equity $39,351 Total Liabilities and Equity 544038 The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively exposing capital expenditures) However, we will stit 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 financing will be s. (Round to the nearest dollar) required excess

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