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Author Question: Outlaws is a general goods retail chain in the High Plains region. Outlaws is forecasting its ... (Read 69 times)

kshipps

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on: Apr 25, 2021
Outlaws is a general goods retail chain in the High Plains region. Outlaws 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 calculate forecasted current liabilities use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7.

Selected Financial Information
Outlaws Inc. ($ millions)
​Year 6Forecast
Revenue$29,210$30,817
Net Income$627$685
​​​
TOTAL ASSETS$14,700 $14,645
LIABILITIES AND STOCKHOLDERS' EQUITY​​
Total Current Liabilities3,651​
Long Term Debt4,208​
Shareholders' Equity​​
Common Stock1,1921,192
Retained Earnings5,089​
Total Shareholders' Equity6,281​
Total Liabilities & Shareholders' Equity14,700 ​

◦ $3,859
◦ $3,336
◦ $3,827
◦ $6,397
◦ $10,236
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by kshipps on Apr 25, 2021

jojobee318

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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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kshipps

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Reply 2 on: Apr 25, 2021
Excellent

billybob123

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

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