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Use the following income statement and balance sheet for the current year for Jim's Espresso and assume that sales are expected to grow by 1
Use the following income statement and balance sheet for the current year for Jim's Espresso and assume that sales are expected to grow by for the next year and interest expense will remain constant.
Click the icon to view the income statement.
Click the icon to view the balance sheet.
Use the percent of sales method to complete parts a through g
a Forecast costs for Jim's Espresso.
The forecasted costs will be $ Round to the nearest dollar and enter all numbers as positiv
b Forecast depreciation for Jim's Espresso.
The forecasted depreciation will be $Round to the nearest dollar and enter all numbers as positive.
c Forecast cash for Jim's Espresso.
The forecasted cash will be $Round to the nearest dollar.
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