|
Income Statement, 2016
| |
| Balance Sheet, 2017 | |
| Sales |
4,005,000 |
|
Assets |
|
| Costs except Depr. |
-2,995,000 |
|
Cash and Equivalents |
496,000 |
| EBITDA |
1,010,000 |
|
Accounts Receivable |
660,000 |
| Depreciation |
-9,900 |
|
Inventories |
20,000 |
| EBIT |
1,000,100 |
|
Total Current Assets |
1,176,000 |
| Interest Expense (net) |
-40,500 |
|
Property Plant & Equipment |
1,190,000 |
| Pretax Income |
959,600 |
|
Total Assets |
2,366,000 |
| Income Tax |
-335,860 |
|
Liabilities &Equity |
|
| Net Income |
623,740 |
|
Accounts Payable |
600,000 |
|
|
|
Debt |
650,000 |
|
|
|
Total Liabilities |
1,250,000 |
|
|
|
Stockholders' Equity |
1,116,000 |
|
|
|
Total Liabilities and Equity |
2,366,000 |
Use the following Income Statement and Balance Sheet of firm X to answers Questions (1) & (2)
Sales in 2017 are expected to grow at a rate of 12.5% with respect to the values of 2016. Assume the company pays out 65% of its net income.
1. Use the percent sales method to forecast the value of next year's stockholder's equity for firm X.
2. Use the percent sales to estimate the firm's net new financing for firm X.