Jim's Espresso expects sales to grow by 9.6% next year. Assume that Jim's pays out...
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Finance
Jim's Espresso expects sales to grow by
9.6%
next year. Assume that Jim's pays out
89.3%
of its net income. Use the following statements
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and the percent of sales method to forecast the following:
a. Stockholders' equity
b. Accounts payable.
| Balance Sheet | |
| Assets | |
| Cash and Equivalents | $15,030 |
| Accounts Receivable | 2090 |
| Inventories | 4070 |
| Total Current Assets | $21,190 |
| Property, Plant and Equipment | 10070 |
| Total Assets | $31,260 |
| Liabilities and Equity | |
| Accounts Payable | $1,440 |
| Debt | 3940 |
| Total Liabilities | $5,380 |
| Stockholders' Equity | 25880 |
| Total Liabilities and Equity | $31,260 |
| Income Statement | |
| Sales | $208,750 |
| Costs Except Depreciation | (100,820) |
| EBITDA | $107,930 |
| Depreciation | (6,100) |
| EBIT | $101,830 |
| Interest Expense (net) | (470) |
| Pretax Income | $101,360 |
| Income Tax | (35,476) |
| Net Income | $65,884 |
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