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Author Question: Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ... (Read 183 times)

Wadzanai

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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 Year 2 is provided in the table. What is Retained Earnings for Year 3?

Selected Financial Information
Blockbuster Inc. ($ '000)
​Year 2Ratios
(to Sales)		Forecast
Year 3
Revenue$5,157,600 ​$5,673,360
COGS2,420,7000.469346​
SG&A2,532,4000.491004​
R&D176,1000.034144​
Dep. Exp.246,600​300,000
EBIT-218,200​​
Int. Exp.78,200​78,000
EBT-296,400​​
Provision for Income Taxes-56,1000.19*​
Net Income $ -240,300​​
Dividends​​$0
Retained Earnings$ -327,100​​
Owner's Equity$ -427,100​​
*Tax rate is a proportion of Earnings before Taxes.
◦ $-46,224
◦ $-47,279
◦ $-329,300
◦ $-607,976
◦ $-707,976
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Wadzanai on Apr 25, 2021

stallen

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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.
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Wadzanai

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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