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please I need help and I posted this question amd no respond. I need to compare my answer please Use the following information on Company
please I need help and I posted this question amd no respond. I need to compare my answer please
Use the following information on Company X and perform pro-forma financial modeling using a percentage sales method to answers the next two questions. Sales in 2021 are expected to grow at a rate of 10% with respect to the values of 2020. Assume the company pays out 65% of its net income. Table 1 Income Statement, 2020 Balance Sheet, 2020 Sales Costs except Depr. EBITDA 9,000,000 -3,500,000 5,500,000 Depreciation -25,900 EBIT 5,474,100 -100,500 Interest Expense (net) Pretax Income Income Tax Net Income Assets Cash and Equivalents 2,156,000 Accounts Receivable 2,960,000 Inventories 90,000 Total Current Assets 5,206,000 Property Plant & 2,190,000 Equipment Total Assets 7,396,000 Liabilities & Equity Accounts Payable 2,000,000 Debt 1,000,000 Total Liabilities 3,000,000 Stockholders' Equity 4,396,000 5,373,600 -1,880,760 3,492,840 7,396,000 Total Liabilities and Equity Total Liabilities and 7,396,000 Equity Question: Use the percent sales method to forecast the value of next year's stockholder's equity for firm X. QUESTION 7 Question: Use the percent sales method to estimate the firm s net new financing for firm X Step by Step Solution
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