Question: Current Income Statement ($ million) Current Balance Sheet ($ million) Net Sales 185.6 Assets Costs Except Depreciation 174.5 Cash 23.7 EBITDA 11.1 Accounts Receivable 18.2
Current Income Statement ($ million)
Current Balance Sheet ($ million)
Net Sales
185.6
Assets
Costs Except Depreciation
174.5
Cash
23.7
EBITDA
11.1
Accounts Receivable
18.2
Depreciation and Amortization
1.1
Inventories
15.6
EBIT
10
Total Current Assets
57.5
Interest Income (expense)
7.7
Net Property, Plant, and Equipment
112.2
Pre-tax Income
2.3
Total Assets
169.7
Taxes
0.6
Net Income
1.7
Liabilities and Equity
Accounts Payable
35.7
Long-Term Debt
112.9
Total Liabilities
148.6
Total Stockholders' Equity
21.1
Total Liabilities and Equity
169.7
Global Corp. expects sales to grow by
6%
next year. Assume that Global pays out
50%
of its net income. Global developed the pro forma financial statements given below. What is the amount of net new financing needed for Global? Global's current statements are in the following data table
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The amount of net new financing needed for Global is
$
million. (Round to two decimal places.)
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