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Author Question: Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles ... (Read 60 times)

Destiiny22

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on: Apr 25, 2021
Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles (ATV's), motorcycles, and snowmobiles. Use the equation approach and Polaris' financial statement for Year 5 to calculate additional funds needed (AFN) in Year 6. Assume that sales in Year 6 will be $1.803494 billion. Assume a 0% dividend payout rate.

Polaris Industries Inc.
Income Statement and Balance Sheet
As of December 31, Year 5 ($000s)
Revenue $ 1,908,459 
COGS1,454,374
SG&A213,114
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 Receivable354,313
Total current assets373,988
PP&E222,336
Goodwill172,632
Total Assets$    768,956 
LIABILITIES AND OWNERS EQUITY​
Total Current Liabilities381,299
Long Term Debt18,000
Total Liabilities $    399,299 
Owners Equity​
Common Stock417
Retained Earnings369,240
Total Owners Equity369,657
Total Liabilities and Owners Equity$    768,956 

◦ -$135 million
◦ -$139 million
◦ -$146 million
◦ -$155 million
◦ $132 million
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Destiiny22 on Apr 25, 2021

frogdreck123456

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Reply #1 on: Apr 25, 2021
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Destiiny22

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Reply 2 on: Apr 25, 2021
Wow, this really help

TheNamesImani

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

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