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Jim's Espresso expects sales to grow by 9.7% next year. Assumethat Jim's pays out 83.9% of its net income. Use the followingstatements and the percent of sales method to forecast:A. Stockholders' equityB. Accounts PayableIncome StatementSales . $199,870Costs Except Depreciation (99,230)EBITDA . $100,640Depreciation EBIT . $94,680Interest Expense (net) (510)Pre-tax Income $94,170Income Tax (32,960)Net Income $61,210Balance SheetAssetsCash and Equivalents $14,980Accounts Receivable 1,900Inventories 4,090Total Current Assets $20,970Property, Plant, and Equipment 9,960Total Assets $30,930Liabilities and EquityAccount Payable $1,400Debt 3,910Total Liabilities $5,310Stockholders' Equity 25,620Total Liabilities and Equity $30,930