Author Question: Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ... (Read 70 times)

Chelseaamend · **on:** Apr 25, 2021

Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year 3. Selected financial information for Years 1 and 2 is provided in the table. What is the interest expense for Blockbuster in Year 3? (Assume that Blockbuster's average cost of debt is 7.50%.)

Selected Financial Information

Blockbuster Inc. ($ '000)

	Year 1	Year 2
Short Term Debt	31,890	162,430
Long Term Debt	1,137,256	798,300
Interest Expense		87,686

◦ $70,341
◦ $72,054
◦ $80,667
◦ $87,686
◦ $135,166

mirabriestensky · **Reply #1 on:** Apr 25, 2021

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