Author Question: CN Railways is North America's fifth largest railway. Use the equation approach and CN's financial ... (Read 63 times)

abern · **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 Assets	16,898
Assets that Change with Sales	18,061
Total Revenues (Year 10)	6,110
Total Revenues (Year 11)	6,721
Change in Revenues	611
Total Liabilities	12,297
Liabilities that Change with Sales	2,134
Profit Margin	9.35%
Dividend Payout Ratio	0%

◦ $64 million
◦ $165 million
◦ $342 million
◦ $580 million
◦ $965 million

nhea · **Reply #1 on:** Apr 25, 2021

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