BR forecast the following Global Corp. expects sales to grow by 7% next year. Using...
90.2K
Verified Solution
Link Copied!
Question
Finance
BR forecast the following Global Corp. expects sales to grow by 7% next year. Using the percent of sales method and the data provided in the given tables a. Costs e. Accounts receivable b. Depreciation f. 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.) - X Data table 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 185.3 Assets Costs Except Depreciation - 175.3 Cash EBITDA 10 Accounts Receivable Depreciation and Amortization - 1.3 Inventories EBIT 8.7 Total Current Assets Interest Income (expense) - 7.7 Net Property, Plant, and Equipment Pre-tax Income Total Assets Taxes (26%) -0.3 Net Income 0.7 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 23.3 18.3 15.3 56.9 113.9 170.8 36.2 113.5 149.7 21.1 170.8 Print Done BR forecast the following Global Corp. expects sales to grow by 7% next year. Using the percent of sales method and the data provided in the given tables a. Costs e. Accounts receivable b. Depreciation f. 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.) - X Data table 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 185.3 Assets Costs Except Depreciation - 175.3 Cash EBITDA 10 Accounts Receivable Depreciation and Amortization - 1.3 Inventories EBIT 8.7 Total Current Assets Interest Income (expense) - 7.7 Net Property, Plant, and Equipment Pre-tax Income Total Assets Taxes (26%) -0.3 Net Income 0.7 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 23.3 18.3 15.3 56.9 113.9 170.8 36.2 113.5 149.7 21.1 170.8 Print Done
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!