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Global Corp. expects sales to grow by 8% next year. Assume that Global pays out 50% of its net income. Using the percent of
Global Corp. expects sales to grow by 8% next year. Assume that Global pays out 50% of its net income. Using the percent of sales method and the data provided in the following statements stockholders' equity. forecast Statements The forecasted stockholders' equity will be $ million. (Round to two decimal places.) Income Statement ($ million) Net Sales 185.2 Costs Except Depreciation EBITDA -175.1 Balance Sheet ($ million) Assets Cash 22.8 10.1 Accounts Receivable 18.2 Depreciation and Amortization -1.1 Inventories 15.3 EBIT 9 Total Current Assets 56.3 Interest Income (expense) -7.7 Net Property, Plant, and 113.4 Equipment Pre-tax Income 1.3 Total Assets 169.7 Taxes -0.3 Net Income 1.0 Liabilities and Equity Accounts Payable 35.2 Long-Term Debt 112.1 Total Liabilities 147.3 Total Stockholders' Equity 22.4 Total Liabilities and Equity 169.7 Help me solve this View an example Ask my instructor
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