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Based on Jim's expectation of 9.6% sales growth and payout ratio of 87.8% of net income next year, Jim developed the pro foma financial statements
Based on Jim's expectation of 9.6% sales growth and payout ratio of 87.8% of net income next year, Jim developed the pro foma 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 comer of the data table below to copy its contents into a spreadsheet. Pro Forma Financial Statements come State Balance Sheet $210,322 Assets Sales Costs Except Depreciation 9.5 Cash and Equivalents $16.550 Accounts Receivable EBITDA 2,236 $100 4,307 (6,510) Depreciation nventories EBIT $94,300 Total Current Assets $23,093 Interest Expense (net) 11,004 58 Property, Plant, and Equipment Pre-tax income Total Assets $93.719 $34.097 Income Tax (32,802) (Select from the drop-down menu.) The total nevw nancing will be Roun to the nearest dollar excess required
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