Author Question: Polaris Industries is forecasting its financial statements for Year 6. Selected financial ... (Read 39 times)

Yi-Chen · **on:** Apr 25, 2021

Polaris Industries is forecasting its financial statements for Year 6. Selected financial information for Year 5 is provided in the table. What is Retained Earnings for Year 6?

Selected Financial Information

Polaris Industries Inc. ($000s)

	Year 5	Ratios (to Sales)	Forecast Year 6
Revenue	$1,908,459		$1,803,494
COGS	1,454,374	0.762067
SG&A	213,114	0.111668
Dep. Exp.	28,632		30,084
EBIT	212,339
Int. Exp.	4,713		2,117
EBT	207,626
Provision for Income taxes	64,348	31%*
Net Income	$143,278
Dividends			$700
Retained Earnings	$369,240

*Tax rate is a proportion of Earnings before Taxes.
◦ $ 503,447
◦ $ 504,147
◦ $ 534,137
◦ $ 534,837
◦ $ 607,556

huda · **Reply #1 on:** Apr 25, 2021

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