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Jim's Espresso expects sales to grow by 9.6% next year. Assume that Jim's pays out...

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Question

Finance

Jim's Espresso expects sales to grow by

9.6%

next year. Assume that Jim's pays out

89.3%

of its net income. Use the following statements

LOADING...

and the percent of sales method to forecast the following:

a. Stockholders' equity

b. Accounts payable.

Balance Sheet
Assets
Cash and Equivalents $15,030
Accounts Receivable 2090
Inventories 4070
Total Current Assets $21,190
Property, Plant and Equipment 10070
Total Assets $31,260
Liabilities and Equity
Accounts Payable $1,440
Debt 3940
Total Liabilities $5,380
Stockholders' Equity 25880
Total Liabilities and Equity $31,260

Income Statement
Sales $208,750
Costs Except Depreciation (100,820)
EBITDA $107,930
Depreciation (6,100)
EBIT $101,830
Interest Expense (net) (470)
Pretax Income $101,360
Income Tax (35,476)
Net Income $65,884

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