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Author Question: Outlaws is a general goods retail chain in the High Plains region. Outlaws is forecasting its ... (Read 99 times)

123654777

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on: Apr 25, 2021
Outlaws is a general goods retail chain in the High Plains region. Outlaws 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
Outlaws Inc. ($ millions)
​Year 2Ratios
(to sales)		Forecast
Year 3
Revenue$29,210 ​$30,817
COGS22,1520.758370​
SG&A5,2450.179562​
Dep. Exp.621​621
EBIT1,192​​
Int. Exp.277​277
EBT915​​
Provision for Income Taxes2880.35*​
Net Income$627​​
Dividends​​$225
Retained Earnings$5,089​​
Owner's Equity$6,281​ 
*The tax rate is a percentage of Earnings Before Tax.
◦ $5,524
◦ $5,745
◦ $5,762
◦ $7,610
◦ $7,385
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by 123654777 on Apr 25, 2021

tmlewis4706

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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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123654777

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

bigsis44

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

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