Question
Current Income Statement ($ million) Current Balance Sheet ($ million) Net Sales 185.1 Assets Costs Except Depreciation 174.3 Cash 23.9 EBITDA 10.8 Accounts Receivable 17.1
Current Income Statement ($ million)
Current Balance Sheet ($ million)
Net Sales
185.1
Assets
Costs Except Depreciation
174.3
Cash
23.9
EBITDA
10.8
Accounts Receivable
17.1
Depreciation and Amortization
1.1
Inventories
15.3
EBIT
9.7
Total Current Assets
56.3
Interest Income (expense)
7.7
Net Property, Plant, and Equipment
113.3
Pre-tax Income
2
Total Assets
169.6
Taxes
0.5
Net Income
1.5
Liabilities and Equity
Accounts Payable
33.8
Long-Term Debt
113.7
Total Liabilities
147.5
Total Stockholders' Equity
22.1
Total Liabilities and Equity
169.6
Global Corp. expects sales to grow by
6%
next year. Assume that Global pays out
50%
of its net income. Global developed the pro forma financial statements given below. What is the amount of net new financing needed for Global? Global's current statements are in the following data table
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The amount of net new financing needed for Global is
$7.19
million. (Round to two decimal places.)
WHY THE ANSWER IS 7.19
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Mergers, Acquisitions and Other Restructuring Activities
Authors: Donald DePamphilis
8th edition
9780128024539, 128013907, 978-0128013908
