Question

Refer to the following financial statements for Kodak:


Liabilities and shareholders’ equity
Current liabilities


Required:
Prepare forecasts of its income statement, balance sheet, and statement of cash flows for 20x7 under the following assumptions:
a. All financial ratios remain at 20x6 levels.
b. Kodak will not record restructuring costs for 20x7.
c. Taxes payable are at the 20x6 level of $544 million.
d. Depreciation expense charged to SG&A is $765 million and $738 million for 20x6 and 20x5, respectively.
e. Gross PPE is $12,982 million and $12,963 million for 20x6 and 20x5, respectively.
f. Projected current maturities of long-term debt are $13 million for 20x7.
g. Capital expenditures for 20x6 and 20x5 are $1,047 and $783,respectively.


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  • CreatedJanuary 22, 2015
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