Global Corp expects sales to grow by 8% next year. Using the percent of sales method and the data provided in the given tables a. Costs except depreciation b. Depreciation c. Net income d. Cash ! forecast 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% ) Tax Cuts and Jobs Act 2017 temporanly allows 10 % bonus depreciation of the return of standard depreclation practices during your careen effective y expensing capital expenditures However, we wi Sincluded prec ation forecasting n this chapter and in hese problems n anticipation Income Statement (S million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Balance Sheet (S million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets 186.7 - 175.1 11.6 23.2 18.5 15.3 57.0 113.1 10.4 7.7 Pre-tax Income Taxes (26%) Net Income 2.7 170.1 2.0 Liabilities and Equity Accounts Payable Long-Term Debt otal Liabilities Total Stockholders' Equity Total Liabilities and Equity 34.7 113.2 147.9 22.2 170.1 Global Corp expects sales to grow by 8% next year. Using the percent of sales method and the data provided in the given tables a. Costs except depreciation b. Depreciation c. Net income d. Cash ! forecast 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% ) Tax Cuts and Jobs Act 2017 temporanly allows 10 % bonus depreciation of the return of standard depreclation practices during your careen effective y expensing capital expenditures However, we wi Sincluded prec ation forecasting n this chapter and in hese problems n anticipation Income Statement (S million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Balance Sheet (S million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets 186.7 - 175.1 11.6 23.2 18.5 15.3 57.0 113.1 10.4 7.7 Pre-tax Income Taxes (26%) Net Income 2.7 170.1 2.0 Liabilities and Equity Accounts Payable Long-Term Debt otal Liabilities Total Stockholders' Equity Total Liabilities and Equity 34.7 113.2 147.9 22.2 170.1