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I need help completing balance sheet using this info Forecast DPs 2020 income statement and balance sheet using the following relations ($ millions). Assume total

I need help completing balance sheet

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using this info

Forecast DPs 2020 income statement and balance sheet using the following relations ($ millions). Assume total revenues grow by 13% in 2020. All other percentages (other than sales growth and provision for income taxes) are based on historic percent of total revenues.

  • CAPEX for 2020 will be 1.1% of total revenue, and depreciation will be $92.2 million.
  • Goodwill, long-term debt, preferred stock, common stock, and Accumulated other comprehensive loss will not change for the year.
  • The company will acquire intangibles equal to 2.9% of total revenues and will record amortization expense of $138.1 million.
  • Income taxes will be 25% of pretax income and income taxes payable will be 7.7% of 2020 tax expense.
  • The company will award $83.7 million of stock-based compensation, which increases Capital in excess of par value by the same amount. Assume that the company routinely includes this form of compensation in operating expenses each year.
  • The company will continue its stock repurchases. DP will repurchase $375 million of treasury stock.
  • Dividends will be $694.70 in 2020, and dividends payable will be 26.3% of dividends.

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DATA PROCESSING, INC. Forecasted Balance Sheet S millions June 30, 2020 Forecast Current assets Cash and cash equivalents 0 % Accounts receivable, net 0 % Other current assets 0 % Total current assets before funds held for clients 0 % Funds held for clients 0 X Total current assets 0 % 0 x 0 X Long-term receivables, net Property, plant and equipment, net Capitalized Contract Cost, Net Other assets 0 x 0 x Goodwill 1,161.5 V Intangible assets, net 94.2 x Total assets 0 x Current liabilities 0 x O Accounts payable Accrued expenses and other current liabilities Accrued payroll and payroll-related expenses Dividends payable Short term delerted revenues Obligations under reverse repo agreements Income taxes payable Total current liabilities belore client funds obligations Client lunds obligations Total current liabilities 0 x 1,001.1 Long Term debi Other liabilities Deferred income taxes Long-terin delerred revenues 0 S Shareholders' equity: Prelated stock $1.00 par value: Authorized. 0.3 lares, sucu, more Common stock $0.10 par value authorized. 1.000.0 states, Sud 319.4 States outstanding 217.1 stares Cauldina vale 128.7) TULED Forecast DP's 2020 income statement and balance sheet using the following relations (5 millions) Assume total revenues grow by 13% in 2020. All other percentages (other than sales growth and provision for income taxes) are based on historic percent of total revenues. CAPEX for 2020 will be 1.1% of total revenue, and depreciation will be $92.2 million. Goodwill, long-term debt, preferred stock, common stock and Accumulated other comprehensive loss will not change for the year, The company will acquire intangibles equal to 2.9% of total revenues and will record amortization expense of $138.1 million Income tares will be 25% of pretax income and income taxes payable will be 7.7% of 2020 tax expense. The company will award $83.7 million of stock-based compensation, which increases Capital in excess of par value by the same amount. Assume that the company routinely includes this form of compensation in operating expenses each year. The company will continue its stock repurchases. DP will repurchase $375 million of treasury stock Dividends will be 5694.70 in 2020, and dividends payable will be 26.3% of dividends. Note: Round your answers to one decimal place for example, enter 14.6 for 14,55555), DATA PROCESSING. INC. Forecasted Income Statement For Year Ended June 2000 Smillions Total Revenues 5 Operating expenses Spiter development programming costs Deprecation and Amortization Total cost of Sere erat and administrative expenses Forecast 2009 40175 359.6 2303 46274 65 Eatore income tau (556) 16409 410-27 5 12307 G DATA PROCESSING INC. Balance Sheet $ millions June 30, 2019 Current assets Cash and cash equivalents Accounts receivable, net 1974.8 1,219.7 Other current assets 259.8 Total current assets before funds held for clients Funds half for clients 2,454.3 14,717.1 Total current assets 17.171.4 11.9 Long-term receivables, net Property, plant and equipment, net Capitalized contract cost, net 382.1 1,214.3 Other assets 467.2 Goodwill 1.161.5 Intangible assets, net Total assets 535.8 $20,944.2 Current liabilities $62.8 879.5 360.6 170.1 110.4 131.0 27.4 1.741.8 14.572.3 16.314.1 Accounts payable Accrued expenses and other current liabilities Accrued payroll and payroll-related expenses Dividends payable Short-term deferred revenues Obligations under reverse repurchase agreements Income taxes payable Total current liabilities before client funds obligations Client funds obligations Total current liabilities Long-term debt Other liabilities Deferred income taxes Long-term deferred revenues Total abilities Shareholders' equity Preferred stock 51.00 par value Authorized 0.3 shares: ssued none Common stock 50.10 par value Authorized, 1.000.0 shares: issued 315.- shares outstanding 217.1 shares capital in Eucess of par value Retained earnings Treasury stock ar cost: 1023 shares Accomo ated other comprehensive oss Tote stockholders US) To: o tes and sto e noces ut 330.0 18.2443 320 591 6 87503 (6.5-5.3 (1287) 2.699.9 $20 9442 Current assets 020 Cash and cash equivalents Accounts receivable, net 0 x Other current assets 02 Total current assets before funds held for clients 0 % Funds held for clients 020 Total current assets 0 % 0 X Long-term receivables, net Property, plant and equipment net Capitalized Contract Cost. Net 0 20 0 % Other assets 0 Goodwill 1.161.5 Intangible assets, net 94.2 % Total assets $ 0 X Current liabilities 0 % OX OX 183 0 x 0 X 0 x 1,001.1 V Accounts payable Accrued expenses and other current liabilities Accrued payroll and payroll-related expenses Dividends payable Short-term deferred revenues Obligations under reverse repo agreements Income taxes payable Total current liabilities before client funds obligations Client funds obligations Total current liabilities Long-term debt Other liabilities Deferred income taxes Long-term deferred revenues Total liabilities Shareholders' equity: Preferred stock, $1.00 par value: Authorized, 0.3 shares: issued, none Common stock. $0.10 par value: authorized. 1.000.0 shares issued. 319.4 shares; outstanding 217.1 shares Capital in excess of par value Retained earnings Treasury stock, as cost: 102.3 shares Accumulated other comprehensive loss Total stockholders equity Total liabilities and stockholders equity s 0 x O 32 0 x (128.7) 5

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