Income Statement

Click the icon located on the top$-$right corner of the data table below to copy its contents into a

spreadsheet. Balance Sheet

Click the icon located on the top$-$right corner of the data table below to copy its contents into a

spreadsheet. Use the following income statement and balance sheet for the current period for Global Corp. Assume that sales are expected to grow by $9\%$ next year,

the tax rate is $26\%,$ and interest expense will remain constant. Use the percent of sales method to complete parts $($a$)$ through $($h$).$

$($Click the icon to view the income statement.$)$

$($Click the icon to view the balance sheet.$)$

a$.$ Use the percent of sales method to forecast costs for Global Corp.

The forecasted costs, except depreciation, will be $ million. $($Round to one decimal place and enter all numbers as a positive.$)$

b$.$ Use the percent of sales method to forecast depreciation for Global Corp.

The forecasted depreciation will be $ million. $($Round to one decimal place and enter all numbers as a positive.$)$

c$.$ Use the percent of sales method to forecast net income for Global Corp.

The forecasted net income will be $ million. $($Round to one decimal place.$)$

d$.$ Use the percent of sales method to forecast cash for Global Corp.

The forecasted cash will be $ million. $($Round to one decimal place.$)$

e$.$ Use the percent of sales method to forecast accounts receivable for Global Corp.

The forecasted accounts receivable will be $ million. $($Round to one decimal place.$)$ f$.$ Use the percent of sales method to forecast inventory for Global Corp.

The forecasted inventory will be $ million. $($Round to one decimal place.$)$

g$.$ Use the percent of sales method to forecast property, plant, and equipment for Global Corp.

The forecasted property, plant, and equipment will be $ million. $($Round to one decimal place.$)$

h$.$ Use the percent of sales method to forecast accounts payable for Global Corp.

The forecasted accounts payable will be $

million. $($Round to one decimal place.$)$