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Jim's Espresso expects sales to grow by 9.7% next year. Using the following statements and the percent of sales method, forecast: a. Costs b. Depreciation

Jim's Espresso expects sales to grow by 9.7% 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.)

Income Statement Sales $202,010 Costs Except Depreciation (99,390) EBITDA $102,620 Depreciation (6,010) EBIT $96,610 Interest Expense (net) (360) Pretax Income $96,250 Income Tax (33,688) Net Income $62,562

Balance Sheet Assets Cash and Equivalents $14,990 Accounts Receivable 1,900 Inventories 4,040 Total Current Assets $20,930 Property, Plant and Equipment 9,910 Total Assets $30,840 Liabilities and Equity Accounts Payable $1,510 Debt 3,930 Total Liabilities $5,440 Stockholders' Equity 25,400 Total Liabilities and Equity $30,840

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