Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Forecast Seagate Technology's 2020 balance sheet using the following forecast assumptions, which are expressed as a percentage of revenue unless otherwise indicated. Accounts receivable, net

Forecast Seagate Technology's 2020 balance sheet using the following forecast assumptions, which are expressed as a percentage of revenue unless otherwise indicated. Accounts receivable, net Inventories Other current assets Deferred income taxes Other assets, net Accounts payable 13.7% Accrued employee compensation 1.6% Accrued warranty 0.9% Accrued expenses 5.3% Long-term accrued warranty 1.0% Other noncurrent liabilities 1.3% 9.5% 9.3% 1.8% 10,7% 1.8% Forecast no change in the following balance sheet accounts Goodwill, Long-term accrued income taxes, Long-term debt, less current portion, Ordinary shares, and Accumulated other comprehensive loss. Assume that in 2020, CAPEX will be 5.8% of revenue, and depreciation expense will be 5 4% of Property, equipment and leasehold improvements, gross at the start of the year, which was $9,835 million. Assume that in 2020, the company awards $99 million of stock-based compensation which increases Additional paid-in capital by the same amount. Assume that the company routinely includes this form of compensation in operating expenses each year. The company has a dividend payout ratio of 35.4% of net income. . Round all answers to the nearest whole number. Use a negative sign for your Accumulated other comprehensive loss and Accumulated deficit answers (5 millions) Current assets SEAGATE TECHNOLOGY PLC Forecasted Balance Sheet Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Property, equipment and leasehold improvements, net June 2020 $ 0 0 0 0 0 0
image text in transcribed
- Eaund all sherers to the netarent nthule number

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Leverage Space Trading Model

Authors: Ralph Vince

1st Edition

0470455950, 978-0470455951

More Books

Students also viewed these Finance questions