Cadbury plc is a global confectionery company. Cadbury is forecasting its financial statements for Year 5. Selected financial information for Year 4 is provided in the table. What is the long term debt, the plug variable, amount for the forecasted year? To forecast accounts payable use the percentage of sales method based on Year 4 figures. Assume that no dividends are paid in Year 5.
| Selected Financial Information |
| Cadbury plc Year 4 (£ millions) |
| | Year 4 | Forecast |
| Revenue | £4,022 | £5,802 |
| Net Income | £393 | £528 |
| | | |
| TOTAL ASSETS | 8,895 | 10,275 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | | |
| Short Term Debt | 1,189 | 1,189 |
| Accounts payable | 1,551 | |
| Total Current Liabilities | 2,740 | |
| Long Term Debt | 1,973 | |
| Other Liabilities | 648 | 648 |
| Total Liabilities | 5,361 | |
| Shareholders' Equity | | |
| Common Stock | 1,036 | 1,036 |
| Retained Earnings | 2,498 | |
| Total Shareholders' Equity | 3,534 | |
| Total Liabilities & Shareholders' Equity | 8,895 | |
◦ £1,259
◦ £1,397
◦ £1,530
◦ £2,027
◦ £2,138
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