Author Question: Polaris Industries is forecasting its financial statements for Year 6. Selected financial ... (Read 88 times)

Yi-Chen · **on:** Apr 25, 2021

Polaris Industries is forecasting its financial statements for Year 6. Selected financial information for Year 5 is provided in the table. What is Retained Earnings for Year 6?

Selected Financial Information

Polaris Industries Inc. ($000s)

	Year 5	Ratios (to Sales)	Forecast Year 6
Revenue	$1,908,459		$1,803,494
COGS	1,454,374	0.762067
SG&A	213,114	0.111668
Dep. Exp.	28,632		30,084
EBIT	212,339
Int. Exp.	4,713		2,117
EBT	207,626
Provision for Income taxes	64,348	31%*
Net Income	$143,278
Dividends			$700
Retained Earnings	$369,240

*Tax rate is a proportion of Earnings before Taxes.
◦ $ 503,447
◦ $ 504,147
◦ $ 534,137
◦ $ 534,837
◦ $ 607,556

huda · **Reply #1 on:** Apr 25, 2021

A FREE account is required to view all solutions!

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.

Answer Preview

Only 58% of students answer this correctly