Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 17 O out of 4 points Given the most recent financial statements for Cracker Barrel (FY2019). Sales for FY2020 are expected to grow by
Question 17 O out of 4 points Given the most recent financial statements for Cracker Barrel (FY2019). Sales for FY2020 are expected to grow by 8 percent. The following assumption must hold in the pro forma financial statements. The tax rate (percentage) and the dividend payout ratio (percentage) will remain constant. COGS, SGA, Depreciation, Cash, Account Receivable, Inventory, Other Current Assets, and Net PPE, and accountable payable increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity is issued, calculate the external financing needed for the fim. Income Statement Sales Cost of Revenue Selling, General, and Admin. Depreciation EBIT Interest EBT Taxes Net Income Addition to Retained Earnings Dividends FY2019 3,071,951,000 2,529,281,000 152.826.000 107,000,000 282,844,000 16,488.000 266,356,000 42,955,000 223,401,000 Cash and Cash Equivalents Inventories Accounts Receivables Other Current Assets Total Current Assets Net Property, Plant and Equipment Total Assets FY2019 36,884,000 154,958,000 32,206,000 18,332,000 242,380,000 1,338,845,000 1,581,225,000 202,561,000 17,245,000 206,156,000 Shares Outstanding Price per share 24,011,550 105 Accounts Payable Provisions for Employee Entitlements Deferred Customer Advances Other Current Liabilities Total Current Liabilities Long-term Debt Total Liabilities Common Stock Accumulated Retained Earnings Total Shareholder Equity Total L and E 92,806,000 81,734,000 15,373,000 392,474,000 584,041,000 976,515,000 49,973,000 554,737,000 604,710,000 1,581,225,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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