Author Question: CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 7. ... (Read 78 times)

abern · **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 6	Forecast
Revenue	$6,110	$6,721
Net Income	571	655

TOTAL ASSETS	$18,924	$20,086
LIABILITIES AND STOCKHOLDERS' EQUITY
Total Current Liabilities	2,134
Long Term Debt	10,163
Shareholders' Equity
Common Stock	3,558	3,558
Retained Earnings	2,762
Total Shareholders' Equity	6,320
Total Liabilities & Shareholders' Equity	$18,924

◦ $10,764
◦ $10,955
◦ $11,179
◦ $11,483
◦ $11,798

elizabethrperez · **Reply #1 on:** Apr 25, 2021

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