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Author Question: CN is North America's fifth largest railroad. CN is forecasting its financial statements for Year 7. ... (Read 79 times)

abern

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CN is North America's fifth largest railroad. CN 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
CN Railway Company ($000'000s)
Year 6Forecast
Revenue$6,110$6,721 
Net Income571 655 
TOTAL ASSETS$18,924$20,086
LIABILITIES AND STOCKHOLDERS' EQUITY
Total Current Liabilities2,134
Long Term Debt10,163
Shareholders' Equity
Common Stock3,5583,558
Retained Earnings2,762
Total Shareholders' Equity6,320
Total Liabilities & Shareholders' Equity $18,924 

◦ $10,764
◦ $10,955
◦ $11,179
◦ $11,483
◦ $11,798


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Marked as best answer by abern on Apr 25, 2021

elizabethrperez

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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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abern

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)


bblaney

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Reply 3 on: Yesterday
Gracias!

 

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