Global Corp. expects sales to grow by 7% 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? If the new financing must all be in the form of long-term debt, what is the forecast amount of new long-term debt? Global's current statements are in the following data table Click on the following icon for the pro forma income statement in order to copy its contents into a spreadsheet. Click on the following icon for the pro forma balance sheet in order to copy its contents into a spreadsheet. Pro Forma Financial Statements Income Statement ($ million) Balance Sheet($ million) Sales 198.81 Assets Costs Except Depreciation -186.61 Cash 23.97 EBITDA 12.2 Accounts Receivable 20.01 Depreciation and Amortization -1.28 Inventories 17.01 EBIT 10.92 Total Current Assets 60.99 Interest Expense (net) -2.0 Property, Plant, and Equipment 121.02 Pre-tax Income 8.92 Total Assets 182.01 Income Tax - 2.23 Net Incorne 6.69 Liabilities and Equity Accounts Payable 35.85 Long-Term Debt 119.91 Total Liabilities 155.76 Stockholders' Equity 26.25 Total Liabilities and Equity 182.01 HIER The amount of net new financing needed for Global is million. (Round to two decimal places.) Global Corp. expects sales to grow by 7% 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? If the new financing must all be in the form of long-term debt, what Click on the following icon for the pro forma income stat - X Click on the following icon for the pro forma balance she Data table Pro Forma Financial Statements Income Statement ($ million) Click on the following icon for the income statement in order to copy its contents into a spreadsheet. Sales Click on the following icon for the balance sheet in order to copy its contents into a spreadsheet. Costs Except Depreciation 23.97 EBITDA Current Income Statement ($ Current Balance Sheet($ 20.01 Depreciation and Amortization million) million) 17.01 Net Sales 185.8 Assets EBIT 60.99 - 174.4 Costs Except Depreciation Interest Expense (net) Cash 22.4 121.02 EBITDA 11.4 Pre-tax Income 18.7 Accounts Receivable 182.01 Income Tax Depreciation and Amortization - 1.2 15.9 Inventories EBIT 10.2 Total Current Assets Net Incorne 57.0 Interest Income (expense) -2.0 Net Property, Plant, and 113.1 35.85 Equipment 119.91 Pre-lax Income 8.2 Total Assets 170.1 155.76 Taxes -2.1 26.25 Net Income 6.1 Liabilities and Equity 182.01 Accounts Payable 33.5 Long-Term Debt 113.7 Total Liabilities 147.2 Total Stockholders' Equity 22.9 Total Liabilities and Equity 170. The amount of net new financing needed for Global is Print Done
