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Use the percentage of sales method to forecast the financial line items identified in the problem. Forecasted sales- Forecasted value-current percent of sales forecasted sales. Current Percent of Sales 50.00% 3.00% 30.42% 7.50% 1.00% 2.00% 5.00% Forecasted a. Costs b. Depreciation c. Net Income d. Cash e. Accounts Receivable f. Inventory g Property, Plant, and Equipment Each of the financial line items will grow in proportion to forecasted sales. Use the percentage of sales method to forecast next year's stockholder's equity and accounts payable. Additions to shareholder equity a. For shareholder's equity, we need to know how much will be added to shareholder equity from net income. New shareholder equity Current percent of sales = Forecasted accounts payable b. Stockholders' equity will grow by (which is the amount of earnings retained in the business) to Accounts payable are forecasted to grow to Calculate Jim's net new financing for next year. Pro forma financial statements for Jim's Espresso: Income Statement Balance Sheet Sales Costs Except Depr. EBITDA Depreciation EBIT Interest Expense (net) Pretax Income Income Tax Net Income 220,000 Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets 110,000 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders Equity Total Liabilities and Equity Total new financing required Total assets-total liabilities and equity- Jim has Use the percentage of sales method to forecast the financial line items identified in the problem. Forecasted sales- Forecasted value-current percent of sales forecasted sales. Current Percent of Sales 50.00% 3.00% 30.42% 7.50% 1.00% 2.00% 5.00% Forecasted a. Costs b. Depreciation c. Net Income d. Cash e. Accounts Receivable f. Inventory g Property, Plant, and Equipment Each of the financial line items will grow in proportion to forecasted sales. Use the percentage of sales method to forecast next year's stockholder's equity and accounts payable. Additions to shareholder equity a. For shareholder's equity, we need to know how much will be added to shareholder equity from net income. New shareholder equity Current percent of sales = Forecasted accounts payable b. Stockholders' equity will grow by (which is the amount of earnings retained in the business) to Accounts payable are forecasted to grow to Calculate Jim's net new financing for next year. Pro forma financial statements for Jim's Espresso: Income Statement Balance Sheet Sales Costs Except Depr. EBITDA Depreciation EBIT Interest Expense (net) Pretax Income Income Tax Net Income 220,000 Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets 110,000 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders Equity Total Liabilities and Equity Total new financing required Total assets-total liabilities and equity- Jim has