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Author Question: Blockbuster is a North American video and DVD sales and rental chain. Use the equation approach and ... (Read 49 times)

sam.t96

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on: Apr 25, 2021
Blockbuster is a North American video and DVD sales and rental chain. Use the equation approach and Blockbuster's financial statement for Year 2 to calculate additional funds needed (AFN) in Year 3. Assume that sales in Year 3 will be $5.67336 billion. Assume a 0% dividend payout rate.

Blockbuster Inc.
Income Statement and Balance Sheet
As of December 31, Year 2 ($000s)
Revenue $ 5,157,600 
COGS2,420,700
SG&A2,708,500
Dep. Exp.246,600
EBIT-218,200
Int. Exp.78,200
Income Before Tax-296,400
Income Taxes-56,100
Net Income -$   240,300 
ASSETS​
Total Current Assets716,400
PP&E909,000
Goodwill6,127,000
Total Assets$ 7,752,400 
LIABILITIES AND OWNERS EQUITY​
Total Current Liabilities1,268,800
Long Term Debt734,900
Total Liabilities$ 2,003,700 
Owners Equity​
Common Stock6,075,800
Retained Earnings-327,100
Total Stockholder Equity5,748,700
Total Liabilities and Owners Equity$ 7,752,400 

◦ -$225.363 million
◦ $63.243 million
◦ $125.363 million
◦ $189.900 million
◦ $299.990 million
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by sam.t96 on Apr 25, 2021

enass

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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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sam.t96

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Reply 2 on: Apr 25, 2021
Excellent

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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