Question
Part 3 of 8 Points: 0 of 1 Global Corp. expects sales to grow by 6% next year. Using the percent of sales method
Part 3 of 8 Points: 0 of 1 Global Corp. expects sales to grow by 6% next year. Using the percent of sales method and the data provided in the given tables 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%.) Data table forecast the following. a. Costs The forecasted costs except depreciation will be $ 185.0 million. (Ro b. Depreciation The forecasted depreciation will be $ 1.2 million. (Round to one decir c. Net income The forecasted net income will be $ 1.4 million. (Round to one decim 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) Net Sales Costs Except Depreciation EBITDA Balance Sheet ($ million) Assets Cash 185.1 - 174.5 23.8 10.6 Accounts Receivable 18.8 Depreciation and Amortization -1.1 Inventories 15.3 EBIT 9.5 Total Current Assets 57.9 Interest Income (expense) -7.7 Net Property, Plant, and 113.5 Equipment Pre-tax Income 1.8 Total Assets 171.4 Taxes (26%) -0.5 Net Income 1.3 Liabilities and Equity Accounts Payable 37.1 Long-Term Debt 113.1 Total Liabilities 150.2 Total Stockholders' Equity 21.2 Total Liabilities and Equity 171.4 - Save
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started