Answered step by step
Verified Expert Solution
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started