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Jim's Espresso expects sales to grow by 10.5% next year. Assume that Jim's pays out 88.1% of its net income. Use the following statements the
Jim's Espresso expects sales to grow by 10.5% next year. Assume that Jim's pays out 88.1% of its net income. Use the following statements the following: a. Stockholders' equity b. Accounts payable. Statements and the percent of sales method to forecast - Balance Sneet Statement a. Stockholders' equity Sales $192,700 Assets Costs Except Cash and The new stockholders' equity will be $ b. Accounts payable (Round to the nearest dollar.) (100,130) $15,000 Depreciation Equivalents Accounts EBITDA $92,570 1,980 Receivable Depreciation (6,020) Inventories 4,020 The forecasted accounts payable will be $ (Round to the nearest dollar.) Total Current EBIT $86,550 $21,000 Assets Interest Property, Plant, (400) 10,050 Expense (net) and Equipment Pre-tax Income $86,150 Total Assets $31,050 Income Tax (30,153) Liabilities and Net Income $55,997 Equity Accounts Payable $1,440 Debt 3,990 Total Liabilities $5,430 Stockholders' 25,620 Equity Total Liabilities $31,050 and Equity
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