Question: Please answer parts c) through h) Global Corp. expects sales to grow by 9% next year. Using the percent of sales method and the data

Please answer parts c) through h) Global Corp. expects sales to growby 9% next year. Using the percent of sales method and thePlease answer parts c) through h)

Global Corp. expects sales to grow by 9% next year. Using the percent of sales method and the data provided in the given tables B, forecast the following. a. Costs e. Accounts receivable b. Depreciation f. Inventory c. Net income g. Property, plant, and equipment d. Cash h. Accounts payable (Note: Interest expense will not change with a change in sales. Tax rate is 26%.) a. Costs The forecasted costs except depreciation will be $ 189.8 million. (Round to one decimal place, and enter all numbers as a positive.) b. Depreciation The forecasted depreciation will be $ 1.2 million. (Round to one decimal place, and enter all numbers as a positive.) c. Net income The forecasted net income will be $ 1.5 million. (Round to one decimal place.) 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) Balance Sheet ($ million) Net Sales 185.4 Assets Costs Except Depreciation 174.1 Cash EBITDA 11.3 Accounts Receivable Depreciation and Amortization - 1.1 Inventories EBIT 10.2 Total Current Assets Interest Income (expense) -7.7 Net Property, Plant, and Equipment Pre-tax Income 2.5 Total Assets Taxes (26%) -0.7 Net Income 1.8 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 22.2 18.5 15.4 56.1 113.6 169.7 34.4 112.8 147.2 22.5 169.7

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