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Author Question: Polaris Industries is forecasting its financial statements for Year 10. Selected financial ... (Read 67 times)

charchew

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on: Apr 25, 2021
Polaris Industries is forecasting its financial statements for Year 10. Selected financial information for Year 9 is provided in the table. What is the forecasted balance of cash in Year 10? (Cash is the plug account.) Use the percentage of sales method to calculate accounts receivable for year 10 (based on the Year 9 values).

Selected Financial Information
Polaris Industries Inc. ($000s)
​Year 9Forecast
Revenue$2,084,194$2,292,614 
​​​
Current Assets​​
Cash$ 19,675 ​
Accounts Receivable354,313 ​
Total current assets373,988 ​
Net property and equipment300,000 300,000 
Goodwill172,632 172,632 
Total Assets $846,620 ​
LIABILITIES & OWNERS' EQUITY​​
Total Liabilities$446,053 $494,047 
Total owners' equity400,567 455,337
Total Liabilities & Owners' Equity$846,620 $949,384 

◦ $80,300
◦ $85,343
◦ $87,008
◦ $89,078
◦ $90,731
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by charchew on Apr 25, 2021

k2629

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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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charchew

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Reply 2 on: Apr 25, 2021
:D TYSM

TheDev123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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