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Jim's Espresso expects sales to grow by 9.6% next year. Assume that Jim's pays out 81.2% of its net income. Use the following statements and
Jim's Espresso expects sales to grow by 9.6% next year. Assume that Jim's pays out 81.2% of its net income. Use the following statements 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. a. Stockholders' equity The new stockholders' equity will be s (Round to the nearest dollar.) 0 Data Table Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet Income Statement Balance Sheet Sales $200.240 Assets Costs Except (99,060) Depreciation $14,990 Cash and Equivalents EBITDA $101,180 Accounts Receivable 1,910 Depreciation (6,040) Inventories 4,030 EBIT $95.140 Total Current Assets $20.930 Interest Expense (net) (570) Property, Plant, and 9.910 Equipment Pre-tax Income $94,570 Total Assets $30,840 Income Tax (33,100) Net Income $61,470 Liabilities and Equity Accounts Payable $1,600 Debt 4,000 Total Liabilities $5,600 Stockholders' Equity 25,240 Total Liabilities and $30,840 Equity Enter your answer in
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