Use the following income statement and balance sheet for Jim's Espresso:

$.$ Based on Jim's expectation of $9\mathrm{.}8\%$ sales growth and payout ratio of $80\mathrm{.}51\%$ of net income

next year, Jim's developed the pro forma financial statements given here:

What is the amount of net new financing needed for Jim's?

The Tax Cuts and Jobs Act of $2017$ temporarily allowed $100\%$ bonus depreciation $($effectively expensing capital expenditures$).$ However, we will still include depreciation

forecasting in this chapter and in these problems.

The total $r$

Data table

Use the following income statement and balance sheet for Jim's Espresso:

Based on Jim's expectation of $9\mathrm{.}8\%$ sales growth and payout ratio of $80\mathrm{.}51\%$ of net income

next year, Jim's developed the pro forma financial statements given here:

What is the amount of net new financing needed for Jim's?

The Tax Cuts and Jobs Act of $2017$ temporarily allowed $100\%$ bonus depreciation $($effectively expensing capital expenditures$).$ However, we will still include depreciation

forecasting in this chapter and in these problems.

The total $r$

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$