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Global Corp. expects sales to grow by 9% next year. Assume that Global pays out 50% of its net income. Using the percent of sales method and the data provided i the following statements, forecast stockholders' equity. The forecasted stockholders' equity will be $ million. (Round to two decimal places.) Enter your answer in the ans i Data Table Click on the icons located on the top-right corners of the data tables below to copy its contents into a spreadsheet. Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes Net Income 185.8 - 175.3 10.5 -1.2 9.3 -7.7 1.6 -0.4 1.2 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity - X 23.7 18.6 15.7 58.0 112.8 170.8 36.1 113.5 149.6 21.2 170 8 0

Global Corp. expects sales to grow by 9% next year. Assume that Global pays out 50% of its net income. Using the percent of sales method and the data provided i the following statements, forecast stockholders' equity. The forecasted stockholders' equity will be $ million. (Round to two decimal places.) Enter your answer in the ans i Data Table Click on the icons located on the top-right corners of the data tables below to copy its contents into a spreadsheet. Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes Net Income 185.8 - 175.3 10.5 -1.2 9.3 -7.7 1.6 -0.4 1.2 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity - X 23.7 18.6 15.7 58.0 112.8 170.8 36.1 113.5 149.6 21.2 170 8 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please correct sir and explanation too and not on page.

Global Corp. expects sales to grow by 9% next year. Assume that Global pays out 50% of its net income. Using the percent of sales method and the data provided in the following statements, forecast stockholders' equity. The forecasted stockholders' equity will be $ million. (Round to two decimal places.) Enter your answer in the ans Data Table Click on the icons located on the top-right corners of the data tables below to copy its contents into a spreadsheet. Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes Net Income 185.8 - 175.3 10.5 - 1.2 9.3 - 7.7 1.6 -0.4 1.2 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity - X 23.7 18.6 15.7 58.0 112.8 170.8 36.1 113.5 149.6 21.2 170.8 (2) ?
Transcribed Image Text:Global Corp. expects sales to grow by 9% next year. Assume that Global pays out 50% of its net income. Using the percent of sales method and the data provided in the following statements, forecast stockholders' equity. The forecasted stockholders' equity will be $ million. (Round to two decimal places.) Enter your answer in the ans Data Table Click on the icons located on the top-right corners of the data tables below to copy its contents into a spreadsheet. Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes Net Income 185.8 - 175.3 10.5 - 1.2 9.3 - 7.7 1.6 -0.4 1.2 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity - X 23.7 18.6 15.7 58.0 112.8 170.8 36.1 113.5 149.6 21.2 170.8 (2) ?
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