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Please show how to do this question thanks 16 Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year
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16 Blockbuster is a video rental and retail chain. Blockbuster is forecasting its financial statements for Year 7. Selected financial information for Year 6 is provided in the table. What is long term debt (the plug variable) for the forecasted year? To forecast current liabilities payable use the percentage of sales method based on Year 6 figures. Assume that no dividends are paid in Year 7. Selected Financial Information Blockbuster Inc. ($ 000) Year 6 Forecast $5,157,600 $5,673,360 -240,300 -195,733 Revenue Net Income $7,752,400 $7,746,790 1,268,800 734,900 TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY Total Current Liabilities Long Term Debt Shareholders' Equity Common Stock Retained Earnings Total Shareholders' Equity Total Liabilities & Shareholders' Equity 6,075,800 6,075,800 -327,100 5,748,700 $7,752,400 A) 70 B) *$798,143 $793,168 $743,168 $707,803 $798,988 D) E)Step by Step Solution
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