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anushaz06 anushaz06
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3 years ago
CN is North America's fifth largest railroad. CN 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
CN Railway Company ($000'000s)
​Year 6Forecast
Revenue$6,110$6,721 
Net Income571 655 
​​​
TOTAL ASSETS$18,924$20,086
LIABILITIES AND STOCKHOLDERS' EQUITY​​
Total Current Liabilities2,134​
Long Term Debt10,163​
Shareholders' Equity​​
Common Stock3,5583,558
Retained Earnings2,762​
Total Shareholders' Equity6,320​
Total Liabilities & Shareholders' Equity $18,924 


▸ $10,764

▸ $10,955

▸ $11,179

▸ $11,483

▸ $11,798
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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em6ntem6nt
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3 years ago
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anushaz06 Author
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3 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Danivalda
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Yesterday
Helped a lot
fxinternational
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2 hours ago
Just got PERFECT on my quiz
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