Question
Net Income for Panera Bread Company is forecasted for 2008 to be $56.40 million. Equity for 2007 was $454.02 million. If the company has no
Net Income for Panera Bread Company is forecasted for 2008 to be $56.40 million. Equity for 2007 was $454.02 million. If the company has no plans for a cash dividend payment but has plans for a share repurchase of $35.00 million for 2008, what is your forecast of equity for 2008?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
