Question: Question 9 1 / 1 point Given the following information, if the average depreciation rate was 20%, what should mCapex be in 2020? Financial Statements

Question 9 1 / 1 point Given the following information, if the average depreciation rate was 20%, what should mCapex be in 2020? Financial Statements Forecast - Steed & Co. Forecasted 2018 2019 2020 Sales $1,310,400 $1,375,920 $1,351,596 Depreciation & amortization 143,200 145,360 Prop., plant & equip., net 507,700 515,366 Enter your answer to 2 decimal places. Answer: 128841.50 Question 10 0 / 1 point See the financial information provided for Steed and Co. in the table below. What interest rate should you use in the 2019 forecast? Financial Statements Forecast - Steed & Co. Forecasted 2017 2018 2019 Sales $1,310,400 $1,375,920 $1,451,596 EBIT 75,600 84,381 94,668.5 Interest expense 17,600 21,987 Short-term debt 32,300 32,300 37,500.0 Long-term debt, net 276,500 262,704 248,122.8

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