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Author Question: CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 3. ... (Read 87 times)

Sufayan.ah

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on: Apr 25, 2021
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.499​555
Other Expenses1,9450.318331​
EBIT1,116​​
Int. Exp.277​259
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
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Sufayan.ah on Apr 25, 2021

peter

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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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Sufayan.ah

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

dantucker

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

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