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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 a. Costs 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%.) ' forecast the following. Data table Income Statement ($ million) Balance Sheet ($ million) Net Sales 186.9 Assets Costs Except Depreciation -174.3 Cash 22.4 EBITDA 12.6 Accounts Receivable 17.2 Depreciation and Amortization -1.2 Inventories 15.3 EBIT 11.4 Total Current Assets 54.9 Interest Income (expense) -7.7 Net Property, Plant, and 112.9 Equipment Pre-tax Income 3.7 Total Assets 167.8 Taxes (26%) - 1.0 Net Income 2.7 Liabilities and Equity Accounts Payable 31.4 Long-Term Debt 113.7 Total Liabilities 145.1 Total Stockholders' Equity 22.7 Total Liabilities and Equity 167 8 -
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