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...
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Begin with the partial model in the file Ch02 P14 Build a Model.xlsx on the textbook’s...
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Build a Model.xlsx on the textbook’s Web site.
The 2016 sales of Cumberland Industries were $455,000,000;
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sales; net fixed assets were $67,000,000; depreciation amounted to
10% of net fixed assets; interest expenses were $8,550,000; the
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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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