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Author Question: Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles ... (Read 67 times)

Destiiny22

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on: Apr 25, 2021
Polaris Industries produces a wide range of outdoor leisure vehicles including all-terrain vehicles (ATV's), motorcycles, and snowmobiles. Use the equation approach and Polaris' financial statement for Year 5 to calculate additional funds needed (AFN) in Year 6. Assume that sales in Year 6 will be $1.803494 billion. Assume a 0% dividend payout rate.

Polaris Industries Inc.
Income Statement and Balance Sheet
As of December 31, Year 5 ($000s)
Revenue $ 1,908,459 
COGS1,454,374
SG&A213,114
Dep. Exp.28,632
EBIT212,339
Int. Exp.4,713
Income Before Tax207,626
Income Taxes64,348
Net Income  $    143,278 
ASSETS​
Cash$     19,675 
Accounts Receivable354,313
Total current assets373,988
PP&E222,336
Goodwill172,632
Total Assets$    768,956 
LIABILITIES AND OWNERS EQUITY​
Total Current Liabilities381,299
Long Term Debt18,000
Total Liabilities $    399,299 
Owners Equity​
Common Stock417
Retained Earnings369,240
Total Owners Equity369,657
Total Liabilities and Owners Equity$    768,956 

◦ -$135 million
◦ -$139 million
◦ -$146 million
◦ -$155 million
◦ $132 million
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Destiiny22 on Apr 25, 2021

frogdreck123456

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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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Destiiny22

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Reply 2 on: Apr 25, 2021
:D TYSM

aliotak

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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