Homework: Lab 2 Score: 0 of 1 pt 6 of 15 (5 complete) Problem 18-8 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 a. Costs e. Accounts receivable b. Depreciation 1. 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 $million (Round to one decimal place, and enter all numbers as a positive.) Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) 186.3 - 174.5 11.8 - 1.3 10.5 -7.7 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets 23.8 17.9 15.6 57.3 112.5 169.8 Pre-tax Income Taxes (26%) Net Income 2.8 -0.7 2.1 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 34.9 113.5 148.4 21.4 169.8