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Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ...

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Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ...

Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year 7. Selected financial information for Year 6 is provided in the table. What is long term debt (the plug variable) for the forecasted year? To forecast current liabilities payable use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7.

Selected Financial Information

Blockbuster Inc. ($ '000)

	Year 6	Forecast
Revenue	$5,157,600	$5,673,360
Net Income	-240,300	-195,733

TOTAL ASSETS	$7,752,400	$7,746,790
LIABILITIES AND STOCKHOLDERS' EQUITY
Total Current Liabilities	1,268,800
Long Term Debt	734,900
Shareholders' Equity
Common Stock	6,075,800	6,075,800
Retained Earnings	-327,100
Total Shareholders' Equity	5,748,700
Total Liabilities & Shareholders' Equity	$7,752,400

▸ $707,803

▸ $743,168

▸ $793,168

▸ $798,143

▸ $798,988

Textbook

Corporate Finance Online

Edition: 2^nd

Authors: Eakins, McNally

Read 63 times

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