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Based on Jim's expectation of 10.3% sales growth and payout ratio of 86.13% 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 financing will be $. (Round to the nearest dollar.) excess required Statements Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation $211,787 (111,072) Balance Sheet Assets Cash and Equivalents $16,611 EBITDA $100,715 Depreciation (6,530) Accounts Receivable Inventories 2,118 4,467 EBIT $94,185 Total Current Assets $23,196 Interest Property, Plant, and (574) 10,942 Expense (net) Equipment Pre-tax Income $93,611 Total Assets $34,138 Income Tax (32,764) Net Income $60,847 Liabilities and Equity Accounts Payable $1,621 Debt 3,920 Total Liabilities $5,541 Stockholders' Equity $33,999 Total Liabilities and Equity $39,540 Print Done

Based on Jim's expectation of 10.3% sales growth and payout ratio of 86.13% 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 financing will be $. (Round to the nearest dollar.) excess required Statements Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation $211,787 (111,072) Balance Sheet Assets Cash and Equivalents $16,611 EBITDA $100,715 Depreciation (6,530) Accounts Receivable Inventories 2,118 4,467 EBIT $94,185 Total Current Assets $23,196 Interest Property, Plant, and (574) 10,942 Expense (net) Equipment Pre-tax Income $93,611 Total Assets $34,138 Income Tax (32,764) Net Income $60,847 Liabilities and Equity Accounts Payable $1,621 Debt 3,920 Total Liabilities $5,541 Stockholders' Equity $33,999 Total Liabilities and Equity $39,540 Print Done

Essentials Of Investments
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
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Based on Jim's expectation of 10.3% sales growth and payout ratio of 86.13% 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 financing will be $. (Round to the nearest dollar.) excess required Statements Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation $211,787 (111,072) Balance Sheet Assets Cash and Equivalents $16,611 EBITDA $100,715 Depreciation (6,530) Accounts Receivable Inventories 2,118 4,467 EBIT $94,185 Total Current Assets $23,196 Interest Property, Plant, and (574) 10,942 Expense (net) Equipment Pre-tax Income $93,611 Total Assets $34,138 Income Tax (32,764) Net Income $60,847 Liabilities and Equity Accounts Payable $1,621 Debt 3,920 Total Liabilities $5,541 Stockholders' Equity $33,999 Total Liabilities and Equity $39,540 Print Done
Transcribed Image Text:Based on Jim's expectation of 10.3% sales growth and payout ratio of 86.13% 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 financing will be $. (Round to the nearest dollar.) excess required Statements Pro Forma Financial Statements Income Statement Sales Costs Except Depreciation $211,787 (111,072) Balance Sheet Assets Cash and Equivalents $16,611 EBITDA $100,715 Depreciation (6,530) Accounts Receivable Inventories 2,118 4,467 EBIT $94,185 Total Current Assets $23,196 Interest Property, Plant, and (574) 10,942 Expense (net) Equipment Pre-tax Income $93,611 Total Assets $34,138 Income Tax (32,764) Net Income $60,847 Liabilities and Equity Accounts Payable $1,621 Debt 3,920 Total Liabilities $5,541 Stockholders' Equity $33,999 Total Liabilities and Equity $39,540 Print Done
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