Based on Jim's expectation of 9 9 sales growth and payout ratio of 89 86 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 Income Statement Balance Sheet Sales $222,405 Assets Costs Except Depreciation (109,120) Cash and Equivalents $16,375 EBITDA $113,285 Accounts Receivable 2,308 Depreciation (6,616) Inventories 4,484 EBIT $106,669 Total Current Assets $23,167 Interest Expense (net) (429) Property, Plant, and Equipment 11,034 Pretax Income $106,240 Total Assets $34,201 Income Tax (37,184) Net Income $69,056 Liabilities and Equity Accounts Payable $1,605 Debt 3,950 Total Liabilities $5,555 Stockholders' Equity $32,712 Total Liabilities and Equity $38,267 Will it be excess or required financing How much financing

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Based on Jim's expectation of 9 9  sales growth and payout ratio of 89 86  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  Income Statement Balance Sheet Sales $222,405 Assets Costs Except Depreciation (109,120) Cash and Equivalents $16,375 EBITDA $113,285 Accounts Receivable 2,308 Depreciation (6,616) Inventories 4,484 EBIT $106,669 Total Current Assets $23,167 Interest Expense (net) (429) Property, Plant, and Equipment 11,034 Pretax Income $106,240 Total Assets $34,201 Income Tax (37,184) Net Income $69,056 Liabilities and Equity Accounts Payable $1,605 Debt 3,950 Total Liabilities $5,555 Stockholders' Equity $32,712 Total Liabilities and Equity $38,267 Will it be excess or required financing  How much financing

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Based on Jim's expectation of 9.9% sales growth and payout ratio of 89.86% of net income next year, Jim developed the pro forma financial statements

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