Jim's Espresso expects sales to grow by 9.6 %9.6% next year. Assume that Jim's pays out 84.7 %84.7% of its net income. Use the following statements LOADING... and the percent of sales method to forecast:

a. Stockholders' equity

b. Accounts payable

The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.

Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet. Balance Sheet Assets $204,560 (99,140) $15,060 Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT $105,420 (6,090) $99,330 Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets 1,930 4,050 $21,040 Interest Expense (net) (590) 10,000 $31,040 Pre-tax Income Income Tax Net Income $98,740 (34,559) $64,181 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,410 3,980 $5,390 25,650 $31,040 Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet. Balance Sheet Assets $204,560 (99,140) $15,060 Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT $105,420 (6,090) $99,330 Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets 1,930 4,050 $21,040 Interest Expense (net) (590) 10,000 $31,040 Pre-tax Income Income Tax Net Income $98,740 (34,559) $64,181 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,410 3,980 $5,390 25,650 $31,040