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Author Question: Cadbury plc is a global confectionery company. Cadbury is forecasting its financial statements for ... (Read 96 times)

plus1

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on: Apr 25, 2021
Cadbury plc is a global confectionery company. Cadbury is forecasting its financial statements for Year 9. Selected financial information for Years 7 and 8 is provided in the table. What is Retained Earnings for Year 9?

Selected Financial Information
Cadbury plc (£ millions)
​Year 8Ratios
(to Sales)		Forecast
Revenue£5,802​£6,962 
COGS3,3000.568769​
SG&A1,4900.256808​
Dep. Exp.196​312
EBIT816​​
Int. Exp.153​77
EBT663​​
Provision for Income taxes300.045*​
Net Income£633 ​​
Dividends​​£315
Retained Earnings£2,498​​
Shareholder's Equity£3,534​​
*Tax rate is a proportion of Earnings before Taxes.
◦ £2,917
◦ £3,268
◦ £4,007
◦ £5,307
◦ £5,885
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by plus1 on Apr 25, 2021

djofnc

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Reply #1 on: Apr 25, 2021
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plus1

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Reply 2 on: Apr 25, 2021
Excellent

daiying98

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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