This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Blockbuster is a North American video and DVD sales and rental chain. Use the equation approach and ... (Read 89 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sam.t96 on Apr 25, 2021

enass

  • Sr. Member
  • ****
  • Posts: 380
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.
Answer Preview
Only 32% of students answer this correctly


sam.t96

  • Member
  • Posts: 570
Reply 2 on: Apr 25, 2021
Excellent

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Approach used to determine the evolutionary relationships among many animal species using molecular Approach used to determine the evolutionary relationships among many animal species using molecular
Diagram of the food chain Diagram of the food chain
Precession and the Path of the North Celestial Pole Precession and the Path of the North Celestial Pole
West facade, Cha1134–1220; south spire, ca. 1160; north spire 1507–13. West facade, Cha1134–1220; south spire, ca. 1160; north spire 1507–13.
To find derivative us the chain rule To find derivative us the chain rule
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library