Global Corp, expects sales to grow by 7% next year. Using the percent of sales method...

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Global Corp, expects sales to grow by 7% next year. Using the percent of sales method and the data provided in the given tables, forecast the following a. Costs e. Accounts receivable b. Depreciation f. Inventory c. Net income Property, plant, and equipment h. Accounts payable d. Cash (Note: Interest expense will not change with a change in sales. Tax rate is 26%.) a. Costs The forecasted costs except depreciation will be $ GXT million. (Round to one decimal place, and enter all numbers as a positive.) 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) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes (26%) Net Income 186.4 - 175.4 11 -1.2 9.8 -7,7 2.1 -0.5 1.6 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and I Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 23.8 18.2 15.8 57.8 113.5 171.3 35.7 113.5 149.2 22.1 171.3 Global Corp, expects sales to grow by 7% next year. Using the percent of sales method and the data provided in the given tables, forecast the following a. Costs e. Accounts receivable b. Depreciation f. Inventory c. Net income Property, plant, and equipment h. Accounts payable d. Cash (Note: Interest expense will not change with a change in sales. Tax rate is 26%.) a. Costs The forecasted costs except depreciation will be $ GXT million. (Round to one decimal place, and enter all numbers as a positive.) 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) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes (26%) Net Income 186.4 - 175.4 11 -1.2 9.8 -7,7 2.1 -0.5 1.6 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and I Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 23.8 18.2 15.8 57.8 113.5 171.3 35.7 113.5 149.2 22.1 171.3