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Global Corp. expects sales to grow by 8% next year. Using the percent of sales method and the data provided in the given tables ,
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 the following. a. Costs 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%.) a. Costs The forecasted costs except depreciation will be $ million. (Round to one decimal place, and enter all numbers as a positive.) 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) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) 186.4 - 174.3 12.1 - 1.3 10.8 - 7.7 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets 23.5 17.8 15.7 57.0 112.3 169.3 Pre-tax Income Taxes (26%) Net Income 3.1 -0.8 2.3 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 34.8 112.4 147.2 22.1 169.3 Print Done
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