Question
The following information is the instructions: Forecast For Interest Expense of 2021 and 2022 Directions: The interest rate on debt in each forecast year is
The following information is the instructions:
Forecast For Interest Expense of 2021 and 2022
Directions: The interest rate on debt in each forecast year is 0.65 percentage points greater than the average annual implied interest rate from the historical period
Relevant Information:
2019
Interest Expense: 14,998
2020:
Interest Expense: 18,851
2021:
Revenue: 1073218
Short Term Debt: 154390
Current Portion long term debt: 60650
Long term debt in long term liabilities: 363110
Total Long term Debt: 423760
Total Debt: 578150
2022
Revenue: 1242698
Short Term Debt: 178771
Current Portion long term debt: 79921
Long term debt in long term liabilities: 400320
Total Long term Debt: 480241
Total Debt: 659012
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