Question: please help forcast the balance sheet thank you Analyze, Forecast, and interpret income statement and Balance sheet Following are the income statement and batance sheet

please help forcast the balance sheet thank you  please help forcast the balance sheet thank you Analyze, Forecast, and
interpret income statement and Balance sheet Following are the income statement and
batance sheet of ADP Inc: Note: Complete the entire question using the
following Excel template: Excel Template. Then enter the answers into the provided
spaces below with two decimal places \begin{tabular}{|c|c|} \hline Total revenues & $16,017.75
\\ \hline Operating expenses & 8,074.55 \\ \hline Systems development and programming
costs & 719.2 \\ \hline Depreciation and amortization & 460.5 \\ \hline
Total cost of revenues & 9,254.25 \\ \hline Selling, general, and administrative
expenses & 3,463.04 \\ \hline Interest expense & 130.41 \\ \hline Total

Analyze, Forecast, and interpret income statement and Balance sheet Following are the income statement and batance sheet of ADP Inc: Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places \begin{tabular}{|c|c|} \hline Total revenues & $16,017.75 \\ \hline Operating expenses & 8,074.55 \\ \hline Systems development and programming costs & 719.2 \\ \hline Depreciation and amortization & 460.5 \\ \hline Total cost of revenues & 9,254.25 \\ \hline Selling, general, and administrative expenses & 3,463.04 \\ \hline Interest expense & 130.41 \\ \hline Total expenses & 12,847.29 \\ \hline Other (income) expense, net & (110.57) \\ \hline Earnings before income taxes & 3,281.46 \\ \hline Provision for income taxes & 820.37 \\ \hline Net earnings & 2,461.09 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Accounts payable & $ \\ \hline Accrued expenses and other current liabilities & x \\ \hline Accrued payroll and payroll-related expenses & x \\ \hline Dividends payable & x \\ \hline Short-term deferred revenues & x \\ \hline Obligations under reverse repurchase agreements & x \\ \hline Income taxes payable & x \\ \hline Total current liabilities before client funds obligations & x \\ \hline Client funds obligations & x \\ \hline Total current liabilities & x \\ \hline Long-term debt & x \\ \hline Other liabilities & x \\ \hline Deferred income taxes & x \\ \hline Long-term deferred revenues & x \\ \hline Total liabilities & x \\ \hline \multicolumn{2}{|l|}{ Shareholders' equity } \\ \hline Preferred stock, $1.00 par value; Authorized, 0.3 shares; issued, none & 0 \\ \hline \multicolumn{2}{|l|}{ Common stock, $0.10 par value; Authorized, 1,000.0 shares; } \\ \hline issued, 638.7 shares; outstanding 434.2 shares & x \\ \hline Capital in excess of par value & x \\ \hline Retained earnings & x \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \begin{tabular}{l} AUTOMATIC DATA PROCESSING INC \\ Balance sheet \\ 5 millions \end{tabular} & \begin{tabular}{l} June \\ 30,2019 \end{tabular} \\ \hline \multicolumn{2}{|l|}{ Current assets } \\ \hline Cash and cash equivalents & 51,949.0 \\ \hline Accounts receivable, net & 2,439.3 \\ \hline Other current assets & 519.6 \\ \hline Total current assets before funds held for clients & 4,907.9 \\ \hline Funds held for clients & 29,434,0 \\ \hline Total current assets & 34,341.9 \\ \hline Long-term receivables, net & 23.8 \\ \hline Property, plant and equipment, net & 764.0 \\ \hline Capitalized contract cost, net & 2,428.5 \\ \hline Other assets & 934.4 \\ \hline Goodwill & 2,323,0 \\ \hline Intangible assets, net & 1,071.5 \\ \hline Total assets & $41,887.1 \\ \hline \multicolumn{2}{|l|}{ Current liabilities } \\ \hline Accounts payable & $125.5 \\ \hline Accrued expenses and other current liabilities. & 1,759.0 \\ \hline \end{tabular} lotal current liabilities Long-term debt Other liabilities \begin{tabular}{|c|c|} \hline Deferred income taxes & x \\ \hline Long-term deferred revenues & x \\ \hline Total liabilities & x \\ \hline Shareholders' equity & \\ \hline Preferred stock, $1.00 par value; Authorized, 0.3 shares; issued, none & 0 \\ \hline Common stock, $0.10 par value; Authorized, 1,000.0 shares; & \\ \hline issued, 638.7 shares; outstanding 434.2 shares & x \\ \hline Capital in excess of par value & x \\ \hline Retained earnings & x \\ \hline Treasury stock, at cost: 204.5 shares & x \\ \hline Accumulated other comprehensive loss & x \\ \hline Total stockholders' equity & x \\ \hline Total liabilities and stockholders' equity & x \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \begin{tabular}{c} AUTOMATIC DATA PROCESSING INC. \\ Balance sheet \\ 5 millions \end{tabular} & June 30,2020 \\ \hline \multicolumn{2}{|l|}{ Current assets } \\ \hline Cash and cash equivalents & $2,202.37 \\ \hline Accounts receivable, net & x \\ \hline Other current assets & x \\ \hline Total current assets before funds held for clients & x \\ \hline Funds held for clients & x \\ \hline Total current assets & x \\ \hline Long-term receivables, net & x \\ \hline Property, plant and equipment, net & x \\ \hline Capitalized contract cost, net & x \\ \hline Other assets & x \\ \hline Goodwill & x \\ \hline Intangible assets, net & x \\ \hline Total assets & s \\ \hline \multicolumn{2}{|l|}{ Current liabilities } \\ \hline Accounts payable & s. \\ \hline Accrued expenses and other current liabilities & x \\ \hline Accrued payroll and payroll-related expenses & x \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline Income taxes payable & 54.8 \\ \hline Total current liabilities before client funds obligations & 3,483.1 \\ \hline Client funds obligations & 29,145.0 \\ \hline Total current liabilities & 32,628.1 \\ \hline Long-term debt & 2,002.2 \\ \hline Other liabilities & 799.0 \\ \hline Deferred income taxes & 659.9 \\ \hline Long-term deferred revenues & 399.3 \\ \hline Total liabilities & 36,488.5 \\ \hline Shareholders' equity & \\ \hline Preferred stock, 51.00 par value; Authorized, 0.3 shares; issued, none & \\ \hline Common stock, 50.10 par value; Authorized, 1,000.0 shares; & \\ \hline issued, 638.7 shares; outstanding 434.2 shares & 63.9 \\ \hline Capital in excess of par value & 1,181.9 \\ \hline Retained earnings & 17,500.6 \\ \hline Treasury stock, at cost: 204.5 shares & (13,090.5) \\ \hline Accumulated other comprehensive loss & (257.3) \\ \hline Total stockholders' equity & 5,398.6 \\ \hline Total liabilities and stockholders' equity & $41,887.1 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Assumptians } \\ \hline Tocal rewenue mowit & 13000s & growth \\ \hline CAPCx as a percentage of tocal reversue & 1,10% & Wet rotal revenue \\ \hline Depreciation & 51844 & milion. \\ \hline Acquired ineangubles as a percentage of total revencue & 2.00% & Wof total revenue \\ \hline Amortiration & 1276.1 & milion: \\ \hline Provision for income taves & 25.00% & 4 petcentape of earnings belore incame taves in 2020 \\ \hline Tawes payable. & 7,70% & \%o of provision foe incoroe tanes in 2020 \\ \hline Stock hased compensation & 51673 & increases Ciphal in excess of par value by the same amount. Assurne that the corrp. \\ \hline Stock repurchases & $7500 & million \\ \hline Oividends: & 51,309,4 & milion \\ \hline Dividends payable & 2630N & Wof olvidends \\ \hline Goodwilt, fonsterm debt, preferred stock, common stock, and Accumulated other comprehemive loss & & No change in s ameunt \\ \hline All other percentages are hased on historic percent of total revenues & & \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Accounts payable & $125.5 \\ \hline Accrued expenses and other current liabilities & 1,759.0 \\ \hline Accrued payroll and payroll-related expenses & 721.1 \\ \hline Dividends payable & 340.0 \\ \hline Short-term deferred revenues & 220.7 \\ \hline Obligations under reverse repurchase agreements & 262.0 \\ \hline Income taxes payable & 54.8 \\ \hline Total current liabilities before client funds obligations & 3,483.1 \\ \hline Client funds obligations & 29,145.0 \\ \hline Total current liabilities & 32,628.1 \\ \hline Long-term debt & 2,002.2 \\ \hline Other liabilities & 799.0 \\ \hline Deferred income taxes & 659.9 \\ \hline Long-term deferred revenues & 399.3 \\ \hline Total liabilities & 36,488.5 \\ \hline Shareholders' equity & \\ \hline Preferred stock, $1.00 par value; Authorized, 0.3 shares; issued, none & \\ \hline Common stock, $0.10 par value; Authorized, 1,000.0 shares; \\ \hline issued, 638.7 shares; outstanding 434.2 shares \\ \hline Capital in excess of par value & 63.9 \\ \hline Retained earninos & 1,181.9 \\ \hline \end{tabular}

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