Jim's Espresso expects sales to grow by 10.5% next year. Assume that Jim's pays out 87.86%...

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Jim's Espresso expects sales to grow by 10.5% next year. Assume that Jim's pays out 87.86% of its net income. Use the following statements, B, and the percent of sales method to forecast: a. Stockholders' equity b. Accounts payable 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. Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Income Statement Balance Sheet Sales $202,250 Assets Costs Except Depreciation (100,070) Cash and Equivalents $15,010 EBITDA $102,180 Accounts Receivable 2,100 Depreciation (5,950) Inventories 3,980 EBIT $96,230 Total Current Assets $21,090 Interest Expense (net) (210) Property, Plant, and Equipment 10,040 Pretax Income $96,020 Total Assets $31,130 Income Tax (33,607) Net Income $62,413 Liabilities and Equity. Accounts Payable $1,570 Debt 4,090 Total Liabilities $5,660 Stockholders' Equity 25,470 Total Liabilities and Equity $31,130 diou QJOULAD Print Done - Clear all Check answer Jim's Espresso expects sales to grow by 10.5% next year. Assume that Jim's pays out 87.86% of its net income. Use the following statements, B, and the percent of sales method to forecast: a. Stockholders' equity b. Accounts payable 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. Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Income Statement Balance Sheet Sales $202,250 Assets Costs Except Depreciation (100,070) Cash and Equivalents $15,010 EBITDA $102,180 Accounts Receivable 2,100 Depreciation (5,950) Inventories 3,980 EBIT $96,230 Total Current Assets $21,090 Interest Expense (net) (210) Property, Plant, and Equipment 10,040 Pretax Income $96,020 Total Assets $31,130 Income Tax (33,607) Net Income $62,413 Liabilities and Equity. Accounts Payable $1,570 Debt 4,090 Total Liabilities $5,660 Stockholders' Equity 25,470 Total Liabilities and Equity $31,130 diou QJOULAD Print Done - Clear all Check answer