Using the methodology outlined in Exhibit 9.12, forecast the financing items on next year's balance sheet for
Question:
at $215 million, no external equity is raised, and no dividends are paid.
If necessary, use short-term debt to finance cash shortfalls. Your forecast should be consistent with forecasts in Questions 2 and 3.
EXHIBIT 9.14 PartsCo: Consolidated Financial Statements $ million Income statement Balance sheet Prior year 82.6 (508.7) 156.5 27.0 90.4 Current year Prior year 15.0 85.8 69.7 70.5 Current year 12.3 000 Working cash (6120) Accounts receivable 1710) Inventory 31.3 Current assets 85.7 Cast of sales Selling costs 75.5 98.8 Operating profit 626.1 796.6 Property and equipment 720.0 Interest 5.0175) Total assets 782 Eamings before taxes 5.4 Taxes Nat Income 31.1 54.3 308) Liabilities and equity 74 Accounts payable 33.7 Short-term debt Current liabilities 44.1 194 63.5 33.7 Long-term debt Shareholders' equity Liabilities and equity 170.0 92.9 796.6 215.0 640.3
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Valuation Measuring and managing the values of companies
ISBN: ?978-0470424704
5th edition
Authors: Mckinsey, Tim Koller, Marc Goedhart, David Wessel
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