Based on Jim's expectation of 10.1% sales growth and payout ratio of 88.96% 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? Click the icon to view the pro forma financial statements.
Based on Jim's expectation of 10.1% sales growth and payout ratio of 88.96% 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? Click the icon to view the pro forma financial statements.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Sales are $221466 please dont do handwritten at all. Solve or you may also use excel .

Transcribed Image Text:Based on Jim's expectation of 10.1% sales growth and payout ratio of
88.96% 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?
Click the icon to view the pro forma financial statements.
(Select from the drop-down menu.)
The total new required financing will be $4529. (Round to the
nearest dollar.)

Transcribed Image Text:Statements
Pro Forma Financial Statements
Income Statement
Sales
Costs Except
Depreciation
EBITDA
Depreciation
EBIT
Interest Expense (net)
Pre-tax Income
Income Tax
Net Income
Balance Sheet
$221,466
Assets
(109,439)
Cash and Equivalents
$112,027 Accounts Receivable
(6,661)
Inventories
$105,366
(484)
$104,882
(36,709)
$68,173
Print
Total Current Assets
Property, Plant, and
Equipment
Total Assets
Liabilities and Equity
Accounts Payable
Debt
Total Liabilities
Stockholders' Equity
Done
$16,581
2,279
4,459
$23,319
11,054
$34,373
19
$1,696
4,020
$5,716
$33 186.
X
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you

Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,

Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education