Author Question: Cadbury plc is a global confectionery company. Cadbury is forecasting its financial statements for ... (Read 50 times)

plus1 · **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 8	Ratios (to Sales)	Forecast
Revenue	£5,802		£6,962
COGS	3,300	0.568769
SG&A	1,490	0.256808
Dep. Exp.	196		312
EBIT	816
Int. Exp.	153		77
EBT	663
Provision for Income taxes	30	0.045*
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

djofnc · **Reply #1 on:** Apr 25, 2021

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