Global Corp. expects sales to grow by 6 % next year. Using the percent of sales method and the data provided in the given tables . forecast:

a. Costs except depreciation

b. Depreciation

c. Net income

d. Cash

e. Accounts receivable

f. Inventory

g. Property, plant, and equipment

h. Accounts payable

(Note: Interest expense will not change with a change in sales. Tax rate is 26%.)

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.

( CALCULATE A- H)

Global Corp expects sales to grow by 6% next year Using the percent of sales method and the data provided in the given tables forecast a. Costs except depreciation b. Depreciation c. Net income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment h.Accounts payable (Note. Interest expense will not change with a change in sales. Tax rate is 26 % ) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures) Howeyer, we will stl include depreciation forecanting in this chapter and in these problems in anticlpation of the return of standard depreciation practices during your career a. Costs except depreciation The forecasted costs except depreciation will be S milion (Round to one decimal place and enter all numbers an a posive) 2 of 8 (6 complete) Overview, question 2 of 8, 6 complete - X iData Table Click on the icons located on the top-right corners of the data tables below to copy its contents into a spreadsheet Balance Sheet (S million) Income Statement ($ million) 185 4 Assets Net Sales 22.2 Costs Except Depreciation EBITDA Depreciation and Amortization 175.1 Cash Accounts Receivable 18.3 10.3 chapte 15.3 Inventories Total Current Assets -1.1 9.2 -7.7 55.8 EBIT Net Property Plant, and Equipment 113.5 Interest Income (expense) 169 3 Pre-tax Income Taxes (26%) Total Assets 1.5 -0.4 mil Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilitles Total Stockholders Equity Total Liabilities and Equity 1.1 Net Income 33 9 112.5 146 4 22 9 169.3 Print Done Click C Clear Al