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crawhm3 crawhm3
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3 years ago
Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year 3. Selected financial information for Year 2 is provided in the table. What is Retained Earnings for Year 3?

Selected Financial Information
Blockbuster Inc. ($ '000)
​Year 2Ratios
(to Sales)		Forecast
Year 3
Revenue$5,157,600 ​$5,673,360
COGS2,420,7000.469346​
SG&A2,532,4000.491004​
R&D176,1000.034144​
Dep. Exp.246,600​300,000
EBIT-218,200​​
Int. Exp.78,200​78,000
EBT-296,400​​
Provision for Income Taxes-56,1000.19*​
Net Income $ -240,300​​
Dividends​​$0
Retained Earnings$ -327,100​​
Owner's Equity$ -427,100​​
*Tax rate is a proportion of Earnings before Taxes.

▸ $-46,224

▸ $-47,279

▸ $-329,300

▸ $-607,976

▸ $-707,976
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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missnonamemissnoname
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3 years ago
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