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Author Question: CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 3. ... (Read 85 times)

Sufayan.ah

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CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 3. Selected financial information for Year 2 is provided in the table. What is Retained Earnings for Year 3?

Selected Financial Information
CN Railway Company ($000'000s)
Year 2Ratios
(to sales)
Forecast
Year 3
Revenue$6,110 $6,721
COGS2,5500.417349
Dep. Exp.499555
Other Expenses1,9450.318331
EBIT1,116
Int. Exp.277259
EBT839
Provision for Income Taxes2680.31943*
Net Income$571
Retained Earnings$2,762
Owner's Equity$6,627 
*The tax rate is a percentage of Earnings Before Tax.
◦ $2,762
◦ $3,128
◦ $3,293
◦ $3,417
◦ $3,630


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Marked as best answer by Sufayan.ah on Apr 25, 2021

peter

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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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Sufayan.ah

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


tanna.moeller

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

 

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