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Please explain. this is all the information I was given Use the following information to answer the next 3 questions Financial Statements Forecast - Steed
Please explain. this is all the information I was given
Use the following information to answer the next 3 questions Financial Statements Forecast - Steed & Co. Forecasted 2017 $1,310,400 2018 2019 $1,375,920 | $1,351,596 Sales Depreciation & amortization Prop., plant & equip., net 143,200 145,360 507,700 515,366 17 What depreciation rate should be used for the 2019 forecast? A) 22.00% 22.26% C) 28.63% D) 10.56% 18 If the depreciation rate is 25%, what should maintenance capex be for the 2019 forecast? A) $337,899 B) $128,842 $169,233 D) $171,789 19 If growth capex as a percent of change in sales is 30%, what should growth capex be for the 2019 forecast? A) $7,297 B) C) $7,297 D) $405,479 $0Step by Step Solution
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