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Amber_Bandit Amber_Bandit
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2 years ago
Outlaws is a general goods retail chain in the High Plains region. Outlaws 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 calculate forecasted current liabilities use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7.

Selected Financial Information
Outlaws Inc. ($ millions)
​Year 6Forecast
Revenue$29,210$30,817
Net Income$627$685
​​​
TOTAL ASSETS$14,700 $14,645
LIABILITIES AND STOCKHOLDERS' EQUITY​​
Total Current Liabilities3,651​
Long Term Debt4,208​
Shareholders' Equity​​
Common Stock1,1921,192
Retained Earnings5,089​
Total Shareholders' Equity6,281​
Total Liabilities & Shareholders' Equity14,700 ​


▸ $3,859

▸ $3,336

▸ $3,827

▸ $6,397

▸ $10,236
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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2 years ago
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Amber_Bandit Author
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2 years ago
Correct Slight Smile TY
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Thank you, thank you, thank you!
TAT1238
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2 hours ago
This helped my grade so much Perfect
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