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Cadbury Plc Is a Global Confectionery Company A)£36
B)£59
C)£63
D)£95
E)£110

question 26

Multiple Choice

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 the interest expense for Year 9? (Assume that Cadbury's average cost of debt is 3%.) Selected Financial Information
Cadbury Inc. (£ millions)
 Year 7  Year 8  Short Term Debt £2,562£1,189 Long Term Debt 2,5511,973 Interest Expense 153\begin{array} { | c | c | c | } \hline & \text { Year 7 } & \text { Year 8 } \\\hline \text { Short Term Debt } & £ 2,562 & £ 1,189 \\\hline \text { Long Term Debt } & 2,551 & 1,973 \\\hline \text { Interest Expense } & & 153 \\\hline\end{array}


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