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K Global Corp. expects sales to grow by 9% next year. Using the percent of sales method and the data provided in the given
K Global Corp. expects sales to grow by 9% next year. Using the percent of sales method and the data provided in the given tables forecast the following. a. Costs b. Depreciation c. Net income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment h. Accounts payable (Note: Interest expense will not change with a change in sales. Tax rate is 26%.) Click on the icons located on the top-right comers of the data tables below to copy its contents into a spreadsheet. Income Statement ($ million) Balance Sheet ($ million) Net Sales 185.2 Assets Costs Except Depreciation -175.7 Cash 23.2 EBITDA 9.5 Accounts Receivable 18.9 Depreciation and Amortization -1.2 Inventories 15.1 EBIT 8.3 Total Current Assets 57.2 Interest Income (expense) -7.7 Net Property, Plant, and 112.3 Equipment Pre-tax Income 0.6 Total Assets 169.5 Taxes (26%) Net Income -0.2 0.4 Liabilities and Equity Accounts Payable 35.2 Long-Term Debt 112.4 Total Liabilities 147.6 Total Stockholders' Equity 21.9 Total Liabilities and Equity 169.5
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