Homework Answers
1.Income Statement for FY 2018
|
Sales |
455,150,000.00 |
| Less: COGS(Sales-EBITDA) | 386,877,500.00 |
| EBITDA | 68,272,500.00 |
| Less: Depreciation & Amortization | (4,667.96) |
| EBIT | 68,267,832.04 |
| Less: interest | (8,575,000.00) |
| EBT | 59,692,832.04 |
| Less: Tax @ 40% | (23,877,132.82) |
| Earnings Available for Shareholders | 35,815,699.22 |
| Dividend @ 40% of Net Income | (14,326,279.69) |
| Net Earnings Available for Shareholders after Dividend | 21,489,419.53 |
| Note:- |
| *Net Fixed Assets of 2017 is taken for Depreciation Calculation |
| *You can also Take Average of Both opening and Closing balnce of Net Fixed Assets |
2. Expenses Excluding Depreciation & Amortization are Sales- EBITDA=
|
386,877,500.00 |
EBIT is
|
68,267,832.04 |
Net Income For 2018 is
| 21,489,419.53 |
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Below are Laiho Industries’ 2017 and 2018 balance sheet
items:
2018 2017
Cash 102,850 89,725
Accounts...
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(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are shown. Laiho Indus tries December 31 Balance Sheets (in thousands of dollars) 2015 2014 Assets Cas h Accounts receivable Inventories Total current assets Net fixed assets Total assets S 102,850 S 89,725 85,527 34,982 S 244,659 S 210,234 42,436 S 311,824 S 252,670 103,365 38,444 67,165 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained...
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lookign to have a b c completed F92 6 Balance Sheets 7 (in thousands of dollars)...
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Please create a balance sheet based on the following income and cash flow statements: for 2016...
Please create a balance sheet based on the following income and cash flow statements: for 2016 Income Statement 2016 Sales 655,150 Expenses excluding depreciation and amortization 386,878 EBITDA 268,272 Depreciation and amortization 7,388 EBIT 260,884 Interest expense 8,574 EBT 252,310 Taxes (20%) 20% 50,462 Net income 201,848 Common dividends 12,554 Addition to retained earnings 189,294 Cash flow Statement 2016 Operating Activities 203,409 Net Income 201,848 Depreciation and amortization 7,388 Increase in accounts payable 7,652 Increase in accruals (wages, utilities etc.)...
Please create a balance sheet based on the following income and cash flow statements: PLEASE FILL...
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Begin with the partial model in the file Ch02 P14 Build a Model.xlsx on the textbook’s...
Begin with the partial model in the file Ch02 P14
Build a Model.xlsx on the textbook’s Web site.
The 2016 sales of Cumberland Industries were $455,000,000;
operating costs (excluding depreciation) were equal to 85% of
sales; net fixed assets were $67,000,000; depreciation amounted to
10% of net fixed assets; interest expenses were $8,550,000; the
state-plus-federal corporate tax rate was 40%; and Cumberland paid
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Use the balance sheet and income statement below: 2018 2017 $ 65 $ 53 153 164...
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Spreadsheet Problems 2-18 Start with the partial model in the file Ch 02 Build a Model.xlsx at the textbook's website. Build a Model: Cumberland Industries' most recent balance sheets (in thousands of dollars) are shown Financial Statements, below and in the partial model in the file: EVA, and MVA 2015 2014 Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common steck $...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are shown. Laiho Indus tries December 31 Balance Sheets (in thousands of dollars) 2015 2014 Assets Cas h Accounts receivable Inventories Total current assets Net fixed assets Total assets S 102,850 S 89,725 85,527 34,982 S 244,659 S 210,234 42,436 S 311,824 S 252,670 103,365 38,444 67,165 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained...
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Begin with the partial model in the file Ch02 P14
Build a Model.xlsx on the textbook’s Web site.
The 2016 sales of Cumberland Industries were $455,000,000;
operating costs (excluding depreciation) were equal to 85% of
sales; net fixed assets were $67,000,000; depreciation amounted to
10% of net fixed assets; interest expenses were $8,550,000; the
state-plus-federal corporate tax rate was 40%; and Cumberland paid
25% of its net income out in dividends. Given this information,
construct Cumberland’s 2016 income statement. Also...
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