Cadbury plc is a global confectionery company. Cadbury is forecasting its financial statements for Year 9. Selected financial information for Years 7 and 8 is provided in the table. What is Retained Earnings for Year 9?
Selected Financial Information
Cadbury plc (£ millions)
Year 8 Ratios
(to Sales) Forecast
Revenue £5,802 £6,962
COGS 3,300 0.568769
SG&A 1,490 0.256808
Dep. Exp. 196 312
EBIT 816
Int. Exp. 153 77
EBT 663
Provision for Income taxes 30 0.045*
Net Income £633
Dividends £315
Retained Earnings £2,498
Shareholder's Equity £3,534
*Tax rate is a proportion of Earnings before Taxes.
A) £2,917
B) £3,268
C) £4,007
D) £5,307
E) £5,885
A
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