This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 3. ... (Read 31 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Apr 25, 2021
CN is North America's fifth largest railroad. CN 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
CN Railway Company ($000'000s)
​Year 2Ratios
(to sales)		Forecast
Year 3
Revenue$6,110 ​$6,721
COGS2,5500.417349​
Dep. Exp.499​555
Other Expenses1,9450.318331​
EBIT1,116​​
Int. Exp.277​259
EBT839​​
Provision for Income Taxes2680.31943*​
Net Income$571​​
Retained Earnings$2,762​​
Owner's Equity$6,627​ 
*The tax rate is a percentage of Earnings Before Tax.
◦ $2,762
◦ $3,128
◦ $3,293
◦ $3,417
◦ $3,630
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Sufayan.ah on Apr 25, 2021

peter

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Apr 25, 2021
Wow, this really help

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Cast of Isotelus rex, the largest known trilobite from the middle to upper Ordovician of North Ameri Cast of Isotelus rex, the largest known trilobite from the middle to upper Ordovician of North Ameri
The Ku Klux Klan forces John Campbell, a black man, to beg for his life in Moore County, North Carol The Ku Klux Klan forces John Campbell, a black man, to beg for his life in Moore County, North Carol
Two lymphocytes that are reactive in a 19-year-old college student with infectious mononucleosis. ... Two lymphocytes that are reactive in a 19-year-old college student with infectious mononucleosis. ...
North American Cordillera North American Cordillera
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library