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Problem 18-8 forecast the following a Costs Global Corp. expects sales to grow by 7% next year. Using the percent of sales method and the

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Problem 18-8 forecast the following a Costs Global Corp. expects sales to grow by 7% next year. Using the percent of sales method and the data provided in the given tables e. Accounts receivable b. Depreciation 1. Inventory c. Net income g. Property, plant, and equipment d. Cash h. Accounts payable (Note: Interest expense will not change with a change in sales, Tax rate is 26%) a Costs The forecasted costs except depreciation will be $ million. (Round to one decimal place, and enter all numbers as a positive.) Enter your answer in the answer box and then click Check Answer. 7 parts remaining Clear All Check type here to search Data Table -X Click on the icons located on the top-right corners of the data tables below to copy its contents into a spreadsheet. Income Statement ($ million) Balance Sheet ($ million) Net Sales 186.7 Assets Costs Except Depreciation - 174.5 Cash 23.2 EBITDA 12.2 Accounts Receivable 18.2 Depreciation and Amortization -1.3 Inventories 15.1 EBIT 10.9 Total Current Assets 56.5 Interest Income (expense) -7.7 Net Property. Plant, and 112.7 Equipment Pre-tax Income 3.2 Total Assets 169.2 Taxes (26%) -0.8 Net Income 2.4 Liabilities and Equity Accounts Payable 33.4 Print Done

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