Based on Jim's expectation of 10.4% sales growth and payout ratio of 82.42% of net...
50.1K
Verified Solution
Link Copied!
Question
Finance
Based on Jim's expectation of 10.4% sales growth and payout ratio of 82.42% of net income next year, Jim developed the pro forma financial statements given below. What will be the amount of net new financing needed for Jim's Espresso? 5 Click the icon to view the pro forma financial statements. (Select from the drop-down menu.) The total new v financing will be $(Round to the nearest dollar.) Required /excess Pro Forma Financial Statements Income Statement Balance Sheet Sales $210,787 Assets Costs Except Depreciation (110,047) Cash and Equivalents EBITDA $100,740 Accounts Receivable Depreciation (6,712) Inventories EBIT $94.028 Total Current Assets Interest Expense (net) (640) Property, Plant, and Equipment Pre-tax Income $93,388 Total Assets Income Tax (32,686) Net Income $60,702 Liabilities and Equity. Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $16,516 2,296 4,515 $23,327 10,996 $34,323 $1,634 3,920 $5,554 $36,361 $41,915
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
