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Author Question: CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 7. ... (Read 77 times)

abern

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on: Apr 25, 2021
CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 7. Selected financial information for Year 6 is provided in the table. What is long term debt (the plug variable) for the forecasted year? To forecast current liabilities payable use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7.

Selected Financial Information
CN Railway Company ($000'000s)
​Year 6Forecast
Revenue$6,110$6,721 
Net Income571 655 
​​​
TOTAL ASSETS$18,924$20,086
LIABILITIES AND STOCKHOLDERS' EQUITY​​
Total Current Liabilities2,134​
Long Term Debt10,163​
Shareholders' Equity​​
Common Stock3,5583,558
Retained Earnings2,762​
Total Shareholders' Equity6,320​
Total Liabilities & Shareholders' Equity $18,924 

◦ $10,764
◦ $10,955
◦ $11,179
◦ $11,483
◦ $11,798
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by abern on Apr 25, 2021

elizabethrperez

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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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abern

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

isabelt_18

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

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