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

Author Question: Outlaws is a general goods retail chain in the High Plains region. Outlaws is forecasting its ... (Read 80 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Apr 25, 2021
Outlaws is a general goods retail chain in the High Plains region. Outlaws 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
Outlaws Inc. ($ millions)
​Year 2Ratios
(to sales)		Forecast
Year 3
Revenue$29,210 ​$30,817
COGS22,1520.758370​
SG&A5,2450.179562​
Dep. Exp.621​621
EBIT1,192​​
Int. Exp.277​277
EBT915​​
Provision for Income Taxes2880.35*​
Net Income$627​​
Dividends​​$225
Retained Earnings$5,089​​
Owner's Equity$6,281​ 
*The tax rate is a percentage of Earnings Before Tax.
◦ $5,524
◦ $5,745
◦ $5,762
◦ $7,610
◦ $7,385
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 123654777 on Apr 25, 2021

tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
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 59% of students answer this correctly


123654777

  • Member
  • Posts: 585
Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

On the slopes of Chimborazo, a 6,310 m high volcanic peak in the Andes Mountains of Ecuador, Alexand On the slopes of Chimborazo, a 6,310 m high volcanic peak in the Andes Mountains of Ecuador, Alexand
General mitosis General mitosis
Backlit view of Pluto's mountains, plains and foggy hazes Backlit view of Pluto's mountains, plains and foggy hazes
Basic Chart of Food Chain Basic Chart of Food Chain
Describe the Conceptual Forecasting Framework in your own words. Describe the Conceptual Forecasting Framework in your own words.
Human beta-globin–complex locus control region Human beta-globin–complex locus control region
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library