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Author Question: Cadbury plc is a global confectionery company. Cadbury is forecasting its financial statements for ... (Read 117 times)

xclash

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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 4Forecast
Revenue£4,022 £5,802
Net Income£393£528
TOTAL ASSETS8,895 10,275
LIABILITIES AND STOCKHOLDERS' EQUITY
Short Term Debt1,189     1,189 
Accounts payable1,551
Total Current Liabilities2,740
Long Term Debt1,973
Other Liabilities648648
Total Liabilities5,361 
Shareholders' Equity
Common Stock1,0361,036
Retained Earnings2,498
Total Shareholders' Equity3,534
Total Liabilities & Shareholders' Equity8,895  

◦ £1,259
◦ £1,397
◦ £1,530
◦ £2,027
◦ £2,138


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Marked as best answer by xclash on Apr 25, 2021

coyin

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xclash

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Reply 2 on: Apr 25, 2021
Excellent


jojobee318

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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