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Author Question: Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements ... (Read 114 times)

storky111

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on: Apr 25, 2021
Blockbuster is a video rental and retail chain. Blockbuster 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 forecast current liabilities payable use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7.

Selected Financial Information
Blockbuster Inc. ($ '000)
​Year 6Forecast
Revenue$5,157,600 $5,673,360 
Net Income-240,300 -195,733 
​​​
TOTAL ASSETS$7,752,400$7,746,790
LIABILITIES AND STOCKHOLDERS' EQUITY​​
Total Current Liabilities1,268,800​
Long Term Debt734,900​
Shareholders' Equity​​
Common Stock6,075,8006,075,800
Retained Earnings-327,100​
Total Shareholders' Equity5,748,700​
Total Liabilities & Shareholders' Equity$7,752,400 ​

◦ $707,803
◦ $743,168
◦ $793,168
◦ $798,143
◦ $798,988
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by storky111 on Apr 25, 2021

lgoldst9

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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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storky111

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Reply 2 on: Apr 25, 2021
:D TYSM

tandmlomax84

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

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