Question
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:
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:
Income Statement
Net Sales 186.7
Costs Except Depreciation -175.1
EBITDA 11.6
Depreciation and Amortization -1.2
EBIT 10.4
Interest Income (expense) -7.7
Pretax Income 2.7
Taxes (26%) -0.7
Net Income 2.0
Balance Sheet
Assets
Cash 23.2
Accounts Receivable 18.5
Inventories 15.3
Total Current Assets 57.0
Property, Plant and Equipment 113.1
Total Assets 170.1
Liabilities and Equity
Accounts Payable 34.7
Long-term Debt 113.2
Total Liabilities 147.9
Total Stockholders' Equity 22.2
Total Liabilities and Equity 170.1
a. Costs except depreciation b. Depreciation c. Net income d. Cash | e. Accounts receivable f. Inventory g. Property, plant, and equipment h. Accounts payable |
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