CN Is North America's Fifth Largest Railroad A)$10,764
B)$10,955
C)$11,179
D)$11,483
E)$11,798

CN is North America's fifth largest railroad. CN 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
CN Railway Company ($000'000s)
$$\begin{array} { | c | c | c | } \hline & \text { Year 6 } & \text { Forecast } \\\hline \text { Revenue } & \$ 6,110 & \$ 6,721 \\\hline \text { Net Income } & 571 & 655 \\\hline \\\hline \text { TOTAL ASSETS } & \$ 18,924 & \$ 20,086 \\\hline \text { LIABILITIES AND } & & \\\text { STOCKHOLDERS' EQUITY } & & \\\hline \text { Total Current Liabilities } & 2,134 & \\\hline \text { Long Term Debt } & 10,163 & \\\hline \text { Shareholders' Equity } & & \\\hline \text { Common Stock } & 3,558 & 3,558 \\\hline \text { Retained Earnings } & 2,762 & \\\hline \text { Total Shareholders' Equity } & 6,320 & \\\hline \begin{array} { c } \text { Total Liabilities \& Shareholders' } \\\text { Equity }\end{array} & \$ 18,924 & \\\hline\end{array}$$

A) $10,764
B) $10,955
C) $11,179
D) $11,483
E) $11,798