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moaz moaz
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3 years ago
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 6Forecast
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 Liabilities1,268,800​
Long Term Debt734,900​
Shareholders' Equity​​
Common Stock6,075,8006,075,800
Retained Earnings-327,100​
Total Shareholders' Equity5,748,700​
Total Liabilities & Shareholders' Equity$7,752,400 ​


▸ $707,803

▸ $743,168

▸ $793,168

▸ $798,143

▸ $798,988
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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Gamiung3657Gamiung3657
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3 years ago
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moaz Author
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3 years ago
Thanks
joyceess
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Yesterday
You make an excellent tutor!
acaruso
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2 hours ago
Correct Slight Smile TY
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