Jim's Espresso expects sales to grow by 9.6% next year. Using the following statements and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note: Make sure to round all intermediate calculations to at least five decimal places.) 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. Costs The forecasted costs will be $ (Round to the nearest dollar and enter all numbers as positive.) 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 $192,140 Assets Costs Except (99,460) Cash and Equivalents $14,990 Depreciation EBITDA $92,680 Accounts Receivable 1,960 Depreciation (5,910) Inventories 4,040 EBIT $86,770 Total Current Assets $20 Interest Expense (net) (460) Property, Plant, and 10,010 Equipment Pre-tax Income $86,310 Total Assets $31,000 Income Tax (30,209) Net Income $56,101 Liabilities and Equity Accounts Payable $1,410 Debt 4,100 Total Liabilities $5,510 Stockholders' Equity 25,490 Total Liabilities and Equity $31,000 Print Done Clear All Jim's Espresso expects sales to grow by 9.6% next year. Using the following statements and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note: Make sure to round all intermediate calculations to at least five decimal places.) 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. Costs The forecasted costs will be $ (Round to the nearest dollar and enter all numbers as positive.) 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 $192,140 Assets Costs Except (99,460) Cash and Equivalents $14,990 Depreciation EBITDA $92,680 Accounts Receivable 1,960 Depreciation (5,910) Inventories 4,040 EBIT $86,770 Total Current Assets $20 Interest Expense (net) (460) Property, Plant, and 10,010 Equipment Pre-tax Income $86,310 Total Assets $31,000 Income Tax (30,209) Net Income $56,101 Liabilities and Equity Accounts Payable $1,410 Debt 4,100 Total Liabilities $5,510 Stockholders' Equity 25,490 Total Liabilities and Equity $31,000 Print Done Clear All