Question: Jim developed the pro forma financial statements given below. What is the amount of net new financing needed for Jim's Espresso? Question Help P 18-6

Jim developed the pro forma financial statements given below. What is the amount of net new financing needed for Jim's Espresso?

Question Help P 18-6 (similar to) Based on Jim's expectation of 10.1% sales growth and payout ratio of 87.2% of net income next year, Jim developed the pro forma financial statements given below. What is the amount of net new financing needed for Jim's Espresso? Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet. Pro Forma Financial Statements Balance Sheet Income Statement $213,726 Assets Sales Costs Except Depreciation $16,614 110,133) Cash and Equivalents EBITDA $103,593 Accounts Receivable 2,279 4,503 Depreciation (6,507) Inventories EBIT $97,086 Total Current Assets $23,396 Interest Expense (net) 661 Property, Plant, and Equipment 10,988 Pre-tax Income $96,425 Total Assets $34,384 elect from the drop-down menu.) The total new financing will be Round to the nearest dolla required excess

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