Global developed the pro forma financial statements given below. Assume that Global Corp. expects sales...
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Global developed the pro forma financial statements given below. Assume that Global Corp. expects sales to grow by 8% next year, pays out 60% of its net income, and needs $10.9 million net new financing. If Global decides that it will limit its net new financing to no more than $10.6 million, how will this affect its payout policy? Click the icon to view Global's financial statements. .. its payout to shareholders by $ million to make up the difference on its balance sheet. If Global limits new financing to only $10.6 million, then it would need to (Round to one decimal place.) - Data table Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Expense (net) Pre-tax Income Income Tax Net Income 181.0 - 169.2 11.8 - 1.2 10.6 -7.7 2.9 -0.8 2.1 Balance Sheet (5 million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets 23.7 17.0 16.1 56.8 111.8 168.6 Liabilities and Equity. Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 33.4 113.0 146.4 22.2 168.6 Print Done
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