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Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet Income Statement Balance Sheet
Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet Income Statement Balance Sheet Sales $208,680 Assets Costs Except Depreciation (100,280) Cash and Equivalents $15,090 EBITDA $108,400 Accounts Receivable 1,950 Depreciation (5,910) Inventories 3,920 EBIT $102,490 Total Current Assets $20,960 Interest Expense (net) (410) Property, Plant, and 10,070 Equipment Pre-tax Income $102,080 Total Assets $31,030 Income Tax (35,728) Net Income $66,352 Liabilities and Equity Accounts Payable $1,410 Debt 3,900 Total Liabilities $5,310 Stockholders' Equity 25,720 Total Liabilities and $31,030 Equity Jim's Espresso expects sales to grow by 9.8% next year. Using the following statements and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note: Make sure to round all intermediate calculations to at least five decimal places.) 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
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