Author Question: Polaris Industries is forecasting its financial statements for Year 10. Selected financial ... (Read 68 times)

charchew · **on:** Apr 25, 2021

Polaris Industries is forecasting its financial statements for Year 10. Selected financial information for Year 9 is provided in the table. What is the forecasted balance of cash in Year 10? (Cash is the plug account.) Use the percentage of sales method to calculate accounts receivable for year 10 (based on the Year 9 values).

Selected Financial Information

Polaris Industries Inc. ($000s)

	Year 9	Forecast
Revenue	$2,084,194	$2,292,614

Current Assets
Cash	$ 19,675
Accounts Receivable	354,313
Total current assets	373,988
Net property and equipment	300,000	300,000
Goodwill	172,632	172,632
Total Assets	$846,620
LIABILITIES & OWNERS' EQUITY
Total Liabilities	$446,053	$494,047
Total owners' equity	400,567	455,337
Total Liabilities & Owners' Equity	$846,620	$949,384

◦ $80,300
◦ $85,343
◦ $87,008
◦ $89,078
◦ $90,731

k2629 · **Reply #1 on:** Apr 25, 2021

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