Blockbuster Is a Video Rental and Retail Chain A)$707,803
B)$743,168
C)$793,168
D)$798,143
E)$798,988

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)
$$\begin{array} { | c | c | c | } \hline & \text { Year 6 } & \text { Forecast } \\\hline \text { Revenue } & \$ 5,157,600 & \$ 5,673,360 \\\hline \text { Net Income } & - 240,300 & - 195,733 \\\hline & & \\\hline \text { TOTAL ASSETS } & \$ 7,752,400 & \$ 7,746,790 \\\hline \begin{array} { c } \text { LIABILITIES AND } \\\text { STOCKHOLDERS' } \\\text { EQUITY }\end{array} & & \\\hline \text { Total Current Liabilities } & 1,268,800 & \\\hline \text { Long Term Debt } & 734,900 & \\\hline \text { Shareholders' Equity } & & \\\hline \text { Common Stock } & 6,075,800 & 6,075,800 \\\hline \text { Retained Earnings } & - 327,100 & \\\hline \begin{array} { c } \text { Total Shareholders' } \\\text { Equity }\end{array} & 5,748,700 & \\\hline \begin{array} { c } \text { Total Liabilities \& } \\\text { Shareholders' Equity }\end{array} & \$ 7,752,400 & \\\hline\end{array}$$

A) $707,803
B) $743,168
C) $793,168
D) $798,143
E) $798,988