​Jim's Espresso expects sales to grow by 10.0% next year. Using the following statements Income Statement Sales $200,000

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answerhappygod
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​Jim's Espresso expects sales to grow by 10.0% next year. Using the following statements Income Statement Sales $200,000

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​Jim's Espresso expects sales to grow by
10.0% next year. Using the following
statements
Income Statement
Sales $200,000
Costs Except Depreciation (100,000)
EBITDA $100,000
Depreciation (6,000)
EBIT $94,000
Interest Expense (net) (400)
Pretax Income $93,600
Income Tax (23,400)
Net Income $70,200
Balance Sheet
Assets
Cash and Equivalents $15,000
Accounts Receivable 2,000
Inventories 4,000
Total Current Assets $21,000
Property, Plant and Equipment 10,000
Total Assets $31,000
Liabilities and Equity
Accounts Payable $1,500
Debt 4,000
Total Liabilities $5,500
Stockholders' Equity 25,500
Total Liabilities and Equity $31,000
and the percent of sales​ method, forecast:
a. Costs
b. Depreciation
c. Net Income
d. Cash
e. Accounts receivable
f. Inventory
g.​ Property, plant, and equipment
​(​Note: Make sure to round all intermediate
calculations to at least five decimal​ places.)
The Tax Cuts and Jobs Act of 2017 temporarily allows​
100% bonus depreciation​ (effectively expensing capital​
expenditures). However, we will still include depreciation
forecasting in this chapter and in these problems in anticipation
of the return of standard depreciation practices during your
career.
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