Use Table 1 and the following information on Company X to perform a pro-forma financial modeling...

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"Use Table 1 and the following information on Company X to perform a pro-forma financial modeling using a percentage sales method, and answers the next questions. Note: When applying the percentage sales method, you should assume that the 2023 percentage values with respect to sales of the (i) costs except depreciation, (ii) depreciation, (iii) cash and equivalents, (iv) accounts receivable, (v) inventories, (vi) property, plant and equipment, and (vi) accounts payable will remain equal to those percentages of 2022. Sales in 2023 are expected to grow at a rate of 10%, with respect to the values of 2022. Assume also that the total values in 2023 of interest expense and debt will not change from its 2022 values; income tax will remain at 3% of the Pretax Income; and that Company X initially plans to payout 35% of its net income to its shareholders. ****Insert TABLE 1 here What is the forecasted value of sales for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000." Table 1 Income Statement, 2022 Sales Costs except Depr. EBITDA Depreciation EBIT Interest Expense (net) Pretax Income Income Tax Net Income 800,000 -650,000 150,000 -2,000 148,000 -100,500 47,500 -1,425 46,075 Balance Sheet, 2022 Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property Plant & Equipment Total Assets Liabilities & Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 250,000 90,000 20,000 360,000 200,000 560,000 200,000 100,000 300,000 260,000 560,000 QUESTION 7 "Before making additional balancing adjustments to the Balance Sheet, what is the forecasted value of Total Liabilities for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000." QUESTION 8 "Before making additional balancing adjustments to the Balance Sheet, what is the forecasted value of Shareholder's Equity for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000." "Use Table 1 and the following information on Company X to perform a pro-forma financial modeling using a percentage sales method, and answers the next questions. Note: When applying the percentage sales method, you should assume that the 2023 percentage values with respect to sales of the (i) costs except depreciation, (ii) depreciation, (iii) cash and equivalents, (iv) accounts receivable, (v) inventories, (vi) property, plant and equipment, and (vi) accounts payable will remain equal to those percentages of 2022. Sales in 2023 are expected to grow at a rate of 10%, with respect to the values of 2022. Assume also that the total values in 2023 of interest expense and debt will not change from its 2022 values; income tax will remain at 3% of the Pretax Income; and that Company X initially plans to payout 35% of its net income to its shareholders. ****Insert TABLE 1 here What is the forecasted value of sales for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000." Table 1 Income Statement, 2022 Sales Costs except Depr. EBITDA Depreciation EBIT Interest Expense (net) Pretax Income Income Tax Net Income 800,000 -650,000 150,000 -2,000 148,000 -100,500 47,500 -1,425 46,075 Balance Sheet, 2022 Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property Plant & Equipment Total Assets Liabilities & Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 250,000 90,000 20,000 360,000 200,000 560,000 200,000 100,000 300,000 260,000 560,000 QUESTION 7 "Before making additional balancing adjustments to the Balance Sheet, what is the forecasted value of Total Liabilities for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000." QUESTION 8 "Before making additional balancing adjustments to the Balance Sheet, what is the forecasted value of Shareholder's Equity for 2023? Express the numerical terms of your answer completely. For example: If your answer is one million dollars, write: 1000000."

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Lets start with calculating the forecasted value of sales for 2023 Forecasted Sales for 2023 Sales in 2022 1 Growth Rate Forecasted Sales for 2023 800... View the full answer