Question Help o Jim's Espresso expects sales to grow by 1049 mest year. Jim's changes its payout route from 90% to 10% of income next year. When the payout ratio 0%, there was excess frarong in the art of 4350's developed the proforma financial statements given here to reflect the change in the payout ratio to 70%. How will the new financing change? The Tax Cuts and Jobs Act of 2017 temporily low 100% bonus depreciation effectively expensing colpendres) However, we will include depreciation forecasting in this chapter and in these come in wicipation of the return of stand depreciation practices during your career Hint Determine the difference in financing by subtracting the financing required at 90% (2.35 from the financing great 79% The financing required a 70% is (Round to the newest dolar) Thus, the difference in financing will be s Round to the nearest do) Data Table - ext 1 her Click on the following icon for the pro forma balance sheet in order to copy its contents into a spreadsheet. ows ng ancti her nd Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income Balance Sheet $215,048 Assets (109,296) Cash and Equivalents $105,752 Accounts Receivable (6,547) Inventories $99,205 Total Current Assets (353) Property, Plant, and Equipment $98.852 Total Assets (24,713) $74,139 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $16,560 2,098 4,350 $23,008 11,062 $34,070 $1,634 3,980 $5,614 $44,676 $50,290