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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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)
?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4a8f57b5-f236-4fc9-855b-817ad31e241c%2F10e98ca9-bc81-495c-9678-44c65c213f96%2F8oifegv_processed.png&w=3840&q=75)
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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