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forecast: Global Corp. expects sales to grow by 8% next year. Using the percent of sales method and the data provided in the given tables
forecast: Global Corp. expects sales to grow by 8% next year. Using the percent of sales method and the data provided in the given tables a. Costs except depreciation e. Accounts receivable b. Depreciation f. Inventory c. Net income g. Property, plant, and equipment d. Cash h. Accounts payable (Note: Interest expense will not change with a change in sales. Tax rate is 26%.) X 0 Data Table Click on the icons located on the top-right corners of the data tables below to copy its contents into a spreadsheet. Income Statement ($ million) Balance Sheet ($ million) Net Sales 186.7 Assets Costs Except Depreciation - 175.1 Cash 23.2 EBITDA 11.6 Accounts Receivable 18.5 Depreciation and Amortization -1.2 Inventories 15.3 EBIT 10.4 Total Current Assets 57.0 Interest Income (expense) -7.7 Net Property, Plant, and 113.1 Equipment Pre-tax Income 2.7 Total Assets 170.1 Taxes (26%) -0.7 Net Income 2.0 Liabilities and Equity Accounts Payable 34.7 Long-Term Debt 113.2 Total Liabilities 147.9 Total Stockholders' Equity 22.2 Total Liabilities and Equity 170.1
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