Required:
Prepare forecasts of its income statement, balance sheet, and statement of cash flows for 20×7 under the following assumptions:
a. All financial ratios remain at 20×6 levels.
b. Kodak will not record restructuring costs for 20×7.
c. Taxes payable are at the 20×6 level of $544 million.
d. Depreciation expense charged to SG&A is $765 million and $738 million for 20×6 and 20×5, respectively.
e. Gross PPE is $12,982 million and $12,963 million for 20×6 and 20×5, respectively.
f. Projected current maturities of long-term debt are $13 million for 20×7.
g. Capital expenditures for 20×6 and 20×5 are $1,047 and $783, respectively.
Put in APA word format and references
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