1.) Use the Income Statement and Balance Sheet below to calculate the companies free cash flow.
Income Statement |
2017 |
Net Sales |
675 |
Cost of goods sold |
210 |
Depreciation |
50 |
EBIT |
415 |
Interest Paid |
15 |
EBT |
400 |
Taxes (30%) |
120 |
Net Income |
280 |
Dividends |
105 |
Addition to Retained Earnings |
175 |
Assets |
2016 |
2017 |
Liabilities and Shareholders equity |
2016 |
2017 |
Current Assets |
Current Liabilities |
||||
Cash |
100 |
125 |
Accounts Payable |
200 |
250 |
Accounts Receivable |
250 |
350 |
Notes Payable |
150 |
225 |
Inventory |
400 |
375 |
|||
Total Current Assets |
750 |
850 |
Total Current Liabilities |
350 |
475 |
Long term debt |
300 |
250 |
|||
Fixed Assets |
Stockholders equity |
||||
PPE |
1500 |
1700 |
Common stock |
300 |
300 |
Accumulated Depreciation |
400 |
450 |
Retained earnings |
900 |
1075 |
Net PPE |
1100 |
1250 |
Total Shareholder’s Equity |
1200 |
1375 |
Total Assets |
1850 |
2100 |
Total Liabilities & Equity |
1850 |
2100 |
2.) A firm has net working capital of $900. Long-term debt is $4,200, total assets are $8,000, and fixed assets are $4,300. What is the amount of the total liabilities?
1.) Use the Income Statement and Balance Sheet below to calculate the companies free cash flow....
1.)Company ABC has sales of $1,650,000, cost of goods sold of $600,000, EBIT of $450,000, interest expense of $70,000, and a tax rate of 27%. If the company paid $57,000 in dividends what is the addition to retained earnings. 2.)At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year, the current assets were $122,418 and the current liabilities were $103,718. What is the change in net...
1. Company ABC has sales of $1,850,000, cost of goods sold of $1,000,000, EBIT of $350,000, interest expense of $65,000, and a tax rate of 27%. If the company paid $51,000 in dividends what is the addition to retained earnings. 2. Nitro Enterprise had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a combined book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount...
Make a cash flow statement using the following information below. 2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
Problems Use the income statement and balance sheet shown below to develop the statement of cash flows. Revenues $5,700.00 COGS $4,560.00 Gross Profit $1,140.00 Operating Expenses $500.00 Depreciation $27.00 EBIT $613.00 Interest Expense $35.00 EBT $578.00 Taxes $231.20 NI $346.80 Dividends $0.00 ARE $346.80 Balance sheet Year T+1 Year T Cash and Equivalents $714.80 $120.00 Accounts receivable $500.00 $500.00 Inventory $300.00 $340.00 Total Current Assets $1514.80 $960.00 Fixed Assets $660.00 $800.00 Accumulated Depreciation $227.00 $200.00 Net Fixed Assets $433.00 $600.00...
Use the information in the provided Income Statement and Balance Sheet to create the 2017 Statement of Cash Flows and ratio calculations for 2017. Income Statement For the Years Ended December 31, 2017 and 2016 $ in millions 2016 2017 Revenue Net sales Cost of merchandise sold $27,528 37,043 20,807 16,236 16,099 11,429 Gross Profit Operating Expenses Selling, general and administrative Depreciation Amortization 5,757 1,223 124 4,449 5,985 2,499 124 7,752 Operating income Interest expense, net Gain/(Loss) on sale of...
Your company had the following balance sheet and income statement information for 2002: Balance Sheet: Cash $ 20 A/R 1,000 Inventories 5,000 Total current assets $6,020 Debt $4,000 Net fixed assets 2,980 Equity 5,000 Total assets $9,000 Total claims $9,000 Income Statement: Sales $10,000 Cost of goods sold 9,200 EBIT $ 800 Interest (10%) 400 EBT $ 400 Taxes (40%) 160 Net income $ 240 \ The industry average inventory turnover is 5. You think you can change your inventory...
Please do balance sheet, income statement and cash flow statement for this company. MOZART Company, a limited liability company has a commercial activity It buys and sells books and CDs devoted to the learning of foreign languages The balance sheet at 31 December, N-1 is presented as follows. Balance sheet at 31 December, N (in 000 ) ASSETS SHAREHOLDERS' EQUITY AND LIABILITIES Fixed assets Shareholders' equity Capital Retained earnings Equipment (net value 1000 900 460 Current assets Inventory of GFR...
What was the free cash flow in 2017 for FIN 300 Inc.? Please show work. Balance Sheet: 12/31/17 Assets Cash and Marketable Securities Accounts Receivable Inventories Total Current Assets Net plant and equipment TOTAL ASSETS 2017 130 4875 7995 13000 13000 26000 2016 1040 4095 5395 10530 11310 21840 Liabilities and Equity Accounts Payable Notes Payable Accruals Total Current Liabilities Long Term Bonds TOTAL DEBT Preferred Stock Common Stock Retained earnings TOTAL COMMON EQUITY TOTAL LIABILITIES AND EQUITY 2017 780...
The income statement and balance sheet for GATA, Inc. are provided below. (Note that the reported figures are expressed in thousands of dollars). GATA, INC. Balance Sheets as of December 31, 2016 and 2017 (in 000s) 2016 2017 2016 2017 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 500 $ 1,000 Accounts payable $ 500 $ 700 Accounts receivable 500 400 Notes payable 900 700 Inventory 900 600 Total $ 1,900 $ 2,000 Total $ 1,400...
Refer to the January 29, 2016, income statement and balance sheet of Lowe's Companies Inc. below. LOWE'S COMPANIES INC. Income Statement (In millions) For Fiscal Year Ended January 29, 2016 Net sales.............................................. Cost of sales.................................. ... Gross margin ....................................... Selling, general and administrative Depreciation.. tion......................................... Interest-net........................................ Total expenses... Pretax earnings Income tax provision ... Net earnings $59,074 38,504 20,570 14,115 1,484 552 16.151 4,419 1,873 $ 2,546 Required: Compute the following liquidity, solvency, and coverage ratios for Lowe's Companies. Interpret...