Determine forecast the accounts receivable

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Reference no: EM132657177

Problem 1: Jim's Espresso expects sales to grow by 10.4% next year. Using the following statements and the percent of sales? method, forecast the? following:

a. Costs
b. Depreciation
c. Net Income
d. Cash
e. Accounts receivable
f. Inventory
g.? Property, plant, and equipment.

Income Statement

Sales $197,650
Costs Except Depreciation (99,770)
EBITDA $97,880
Depreciation (6,000)
EBIT $91,880
Interest Expense (net) (210)
Pretax Income $91,670
Income Tax (32,085)
Net Income $59,585

Balance Sheet
Assets

Cash and Equivalents $14,940
Accounts Receivable 1,940
Inventories 4,100
Total Current Assets $20,980
Property, Plant and Equipment 10,010
Total Assets $30,990
Liabilities and Equity
Accounts Payable $1,430
Debt 3,980
Total Liabilities $5,410
Stockholders' Equity 25,580
Total Liabilities and Equity $30,990

Reference no: EM132657177

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