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

Author Question: Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles ... (Read 91 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Apr 25, 2021
Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles (ATV's), motorcycles, and snowmobiles. Forecast the financial statements for Polaris for Year 6. Use the percent of sales method based on Year 5 and the assumptions listed below. Please note the ratios to sales provided in the table which are useful for making the forecast.
Sales decline by 5.5%. The cost of debt is 11.76%. The tax rate is 31%. The depreciation rate is 12%. CAPEX is $28,360. The following accounts are held constant: Goodwill, Long-term debt, and Common Stock. Cash is the PLUG account. No dividends.
Forecast the financial statements for Polaris. What is the change in the cash account from Year 5 to Year 6?

Polaris Industries Inc.
Income Statement and Balance Sheet
As of December 31, Year 5 ($000s)
​Year 5RatiosForecast
Revenue$1,908,459​ $1,803,494 
COGS1,454,3740.762067​
SG&A213,1140.111668​
Dep. Exp.28,632​​
EBIT212,339​​
Int. Exp.4,713​​
Income Before Tax207,626​​
Income Taxes64,348​​
Net Income $143,278 ​​
ASSETS​​​
Cash $19,675 ​​
Accounts Receivable354,3130.185654​
Total current assets373,988​​
PP&E222,336 ​​
Goodwill172,632​172,632
Total Assets $768,956 ​​
LIABILITIES AND OWNERS EQUITY​​​
Total Current Liabilities381,2990.199794​
Long Term Debt18,000​18,000
Total Liabilities$399,299​​
Owners Equity​​​
Common Stock417​417
Retained Earnings369,240​​
Total Owners Equity369,657​​
Total Liabilities and Owners Equity $768,956​ 

◦ -$132.146 million
◦ $135.146 million
◦ $139.157 million
◦ $146.187 million
◦ $154.821 million
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 daltonest1984 on Apr 25, 2021

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
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 58% of students answer this correctly


daltonest1984

  • Member
  • Posts: 536
Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

About 80% of all known mollusc species are gastropods (snails and slugs), including the cowry (a sea About 80% of all known mollusc species are gastropods (snails and slugs), including the cowry (a sea
Crossing over produces new allelic combinations Crossing over produces new allelic combinations
Testing Visual Fields by Confrontation: Visual Fields Range Testing Visual Fields by Confrontation: Visual Fields Range
Range of Motion of the Wrist and Hand Joints, Hyperextension and Flexion of the Wrist Range of Motion of the Wrist and Hand Joints, Hyperextension and Flexion of the Wrist
The thorax of apes, including humans, is broad but shallow in contrast to the narrower, deeper chest The thorax of apes, including humans, is broad but shallow in contrast to the narrower, deeper chest
The clock generator produces a series of pulses that are used by the microprocessor and other ... The clock generator produces a series of pulses that are used by the microprocessor and other ...
Video: Polysaccharides

For a complete list of videos, visit our video library