Problem 18-11 Question Hob Gol developed the proforma financial statements given below. Assume that Global Corp, expecta sales to grow by 9% next year, pays out 50% of its net income, and needs $9.4 million of net new financing, Global decided that it will new financing to no more than 10.1 milion, how will this sectits payout policy Choon to view Global's fnancial statements a new financing to try milion, then would need to to payout to shareholders by 8ton to make up the forence on to balance sheet Round to one emplace) CU Increase ou A Data Table Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income 183.7 - 169.2 14.5 -1.4 13.1 -7.7 5.4 - 1.4 4.0 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets 23.9 16.8 16.2 56.9 111.6 168.5 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 32.9 111.4 144.3 24.2 168.5 Print Done ck Check Answer. Clear All s given below. Assume that Global Corp. expects sales to grow by 9% next year, pays out 50% of its net income, and needs $9.4 million of net will this affect its payout policy? ments. hen it wou i Data Table X Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income 183.7 - 169.2 14.5 -1.4 13.1 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets 23.9 16.8 16.2 56.9 111.6 168.5 -7.7 5.4 -1.4 4.0 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 32.9 111.4 144.3 24.2 168.5 Print Done nd then click Check Answer Clear All