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Author Question: CN Railways is North America's fifth largest railway. Use the equation approach and CN's financial ... (Read 66 times)

abern

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on: Apr 25, 2021
CN Railways is North America's fifth largest railway. Use the equation approach and CN's financial information for Year 10 to calculate additional funds needed (AFN) in Year 11.

Selected Financial Statement Values and Ratios
CN Railway Company 
As of December 31, Year 10 ($ millions)
Total Assets$18,924
Fixed Assets16,898
Assets that Change with Sales18,061
Total Revenues (Year 10)6,110
Total Revenues (Year 11)6,721
Change in Revenues611
Total Liabilities12,297
Liabilities that Change with Sales2,134
Profit Margin9.35%
Dividend Payout Ratio0%

◦ $64 million
◦ $165 million
◦ $342 million
◦ $580 million
◦ $965 million
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by abern on Apr 25, 2021

nhea

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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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abern

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

bblaney

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Reply 3 on: Yesterday
:D TYSM

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