Homework Answers
| a | Net Operating Working Capital | |||||
| Operating Assets | 2016 | 2015 | ||||
| cash and cash equivalents | $14,000 | $12,000 | ||||
| Accounts Receivable | $30,000 | $25,000 | ||||
| Inventories | $27,705 | $23,000 | ||||
| Total Operating Assets | $71,705 | $60,000 | ||||
| Operating Liabilities | ||||||
| Accounts Payable | $10,900 | $8,500 | ||||
| Accurals | $7,500 | $7,000 | ||||
| Total operating Liabilities | $18,400 | $15,500 | ||||
| Net Operating Working Capital | $53,305 | $44,500 | ||||
| b | Changes in Net Working Capital | |||||
| 2016 | 2015 | |||||
| Total Current Assets | $71,705 | $60,000 | ||||
| Less Total Current Liabilities | $25,200 | $20,550 | ||||
| Net Working Capital | $46,505 | $39,450 | ||||
| Changes in Net Working Capital | $7,055 | $46505-$39450 | ||||
| Capital Expenditure | ||||||
| Ending Plant and equipment | $49,000 | |||||
| Add Depreciation | $3,000 | |||||
| Less Begn Plant and Equipment | $48,000 | |||||
| Capital Expenditure | $4,000 | |||||
| NOPAT (EBIT *(1-T)) | $42000*(1-.40) | |||||
| $25,200 | ||||||
| Add Depr and Amortization | $3,000 | |||||
| $28,200 | ||||||
| Less | ||||||
| Changes in working capital | ($7,055) | |||||
| Capital Expenditure | ($4,000) | |||||
| 2016 Free Cash Flow | $17,145 | |||||
| c | Particulars | Common Stock | Retained earnings | Total Stock Holders Equity | ||
| Shares | Amount | |||||
| Balance 12/31/2015 | 4000 million | 40000 million | 27450 million | 67450 million | ||
| 2016 Net Income | 22590 Million | |||||
| Cash Dividends | -4535 | |||||
| Additions to Retained Earnings | 8055 Million | |||||
| balance 12/31/2016 | 75505 Million | |||||
| d | NOPAT (EBIT *(1-T)) | $25,200 | $42000*(1-.40) | |||
| Capital Invested (Total Assets) | $120,705 | |||||
| After Tax Cost of Capital (WACC) | 10% | |||||
| Economic Value Added | $13129.5 Million | |||||
| EVA | NOPAT-capital invested *WACC | |||||
| $25200-$120705*10% | ||||||
| $13,129.50 | ||||||
| e | Total Shares OS | 4000 | million | |||
| Current market price per share | $25 | |||||
| market capitalization | $100,000 | Million(4000 million *$25 =$100000 million | ||||
| Less Total Common Equity on BS | $75,505 | Million Requirement C | ||||
| Market Value Added MVA | $24,495 | Million | ||||
Add Answer to:
Balance Sheets as of December 31 2016 2015 $ 14,000 1 Cash and equivalents Accounts receivable...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $15,000...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $15,000 14,000 30,000 .28,000 $81,235 $72,000 47,000 $119,000 35,000 31,235 Total current assets Net plant and equipment Total assets 50,000 $131,235 Liabilities and Equity Accounts payable Accruals Notes payable $10,000 7,100 7,000 8,500 7,000 5,150 Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings 20,000 44,100 60,000 27,135 87,135 $131,235 $ 24,100 20,650 20,000 $40,650 60,000 18,350 $ 78,350 $119,000 Common...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories s13,000...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories s13,000 35,000 34,620 82,620 50,000 $132,620 s 12,000 25,000 22,000 59,000 49,000 $108,000 Total current assets Net plant and equipment Total assets Enter your answers in millions. For example, an answer of $25,000,00D,000 should be entered as 25,000. a. What was net operating working capital for 2015 and 20167 2015 S million Liabiwties and Equity Accounts payable Accruals Notes payable 2016 million 10,800 8,000 6,200...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents 14,000 15,000 Accounts receivable 30,000 35,000 33,070 29,000 Inventories $ 83,070 Total current assets $73,000 Net plant and equipment 50,000 46,000 Total assets $133,070 $119,000 Liabilities and Equity Accounts payable $10,500 9,000 Accruals 7,100 6,000 Notes payable 6,600 5,050 $ 24,200 20,050 Total current liabilities Long-term bonds 10,000 10,000 Total liabilities 34,200 30,050 Common stock...
2018 2017 Assets Cash and equivalents $14,000 11,000 Accounts receivable 35,000 30,000 Inventories 30,120 27,000 Total...
2018 2017 Assets Cash and equivalents $14,000 11,000 Accounts receivable 35,000 30,000 Inventories 30,120 27,000 Total current assets 79,120 68,000 Net plant and equipment 48,000 45,000 Total assets $127,120 $113,000 Liabilities and Equity Accounts payable 8,500 10,500 Accruals 7,600 6,000 Notes payable 6,100 5,150 $ 19,650 Total current liabilities 24,200 Long-term bonds 10,000 10,000 $29,650 Total liabilities 34,200 Common stock (4,000 shares) 50,000 50,000 Retained earnings 42,920 33,350 Common equity 92,920 83,350 Total liabilities and equity $127,120 $113,000 Income Statement...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant and equipment Total assets Liabilities and Equity 8 Accounts payable $ 11,000 8 Accruals 7,600 Notes payable 6,000 Total current liabilities Long-term bonds Total liabilities 99% 318 88 44,500 40,000 49,955 Common stock (4,000 shares) Retained earnings 40,000 49,955 35,100 Common equity $ 89,955 $75.100 Total liabilities and equity $134,555 $115,000 Income Statement for Year Ending December 31, 2018 Sales $225,000 Operating costs excluding...
FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here....
FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents $ 14,000 $ 11,000 Accounts receivable 35,000 30,000 Inventories 31,975 28,000 Total current assets $ 80,975 $ 69,000 Net plant and equipment 50,000 45,000 Total assets $130,975 $114,000 Liabilities and Equity Accounts payable $ 10,500 $ 9,500 Accruals 7,800 7,000 Notes payable 6,700 5,250 Total current liabilities $ 25,000 $ 21,750 Long-term bonds 10,000 10,000...
FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here....
FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents $ 13,000 $ 11,000 Accounts receivable 25,000 20,000 Inventories 24,910 19,000 Total current assets $ 62,910 $ 50,000 Net plant and equipment 49,000 47,000 Total assets $111,910 $97,000 Liabilities and Equity Accounts payable $ 10,200 $ 8,000 Accruals 7,900 7,000 Notes payable 7,000 5,250 Total current liabilities $ 25,100 $ 20,250 Long-term bonds 20,000 20,000...
Help Arlington Corporation's financial statements (dollars and shares are in milions) are provided here. Balance Sheets...
Help
Arlington Corporation's financial statements (dollars and shares are in milions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $ 15,00014,000 30,000 28,000 80,325 $72,000 49,000 $134,325 $121,000 35,000 30,325 Total current assets Net plant and equipment Total assets 54,000 Liabilities and Equity Accounts payable Accruals Notes payable $ 10,400 8,500 7,500 6,700 $24,600 6,000 5,300 $19,800 Total current liabilities Liabilities and Equity Accounts payable Accruals Notes payable $ 10,400...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents $ 14,000 $ 12,000 Accounts receivable 35,000 25,000 Inventories 31,040 23,000 Total current assets $ 80,040 $ 60,000 Net plant and equipment 49,000 48,000 Total assets $129,040 $108,000 Liabilities and Equity Accounts payable $ 11,000 $ 8,000 Accruals 7,700 6,000 Notes payable 6,500 5,150 Total current liabilities $ 25,200 $ 19,150 Long-term bonds 20,000 20,000 Total liabilities $...
Arlington Corporation's financial statements (dollars and shares are in millions) a Balance Sheets as of December...
Arlington Corporation's financial statements (dollars and shares are in millions) a Balance Sheets as of December 31 2018 2017 Assets Cash and equivalents $ 14,000 $ 13,000 Accounts receivable 30,000 20,000 Inventories 25,585 17,000 Total current assets $69,585 $50,000 Net plant and equipment 46,000 45,000 Total assets $115,58 $95,000 Liabilities and Equity Accounts payable $ 10,900 s 8,500 Accruals 7,100 5,000 Notes payable 6,800 5,050 Total current liabilities $ 24,800 s 18,550 Long-term bonds 10,000 10,000 $ 34,800 $ 28,550...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $15,000 14,000 30,000 .28,000 $81,235 $72,000 47,000 $119,000 35,000 31,235 Total current assets Net plant and equipment Total assets 50,000 $131,235 Liabilities and Equity Accounts payable Accruals Notes payable $10,000 7,100 7,000 8,500 7,000 5,150 Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings 20,000 44,100 60,000 27,135 87,135 $131,235 $ 24,100 20,650 20,000 $40,650 60,000 18,350 $ 78,350 $119,000 Common...
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories s13,000 35,000 34,620 82,620 50,000 $132,620 s 12,000 25,000 22,000 59,000 49,000 $108,000 Total current assets Net plant and equipment Total assets Enter your answers in millions. For example, an answer of $25,000,00D,000 should be entered as 25,000. a. What was net operating working capital for 2015 and 20167 2015 S million Liabiwties and Equity Accounts payable Accruals Notes payable 2016 million 10,800 8,000 6,200...
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents 14,000 15,000 Accounts receivable 30,000 35,000 33,070 29,000 Inventories $ 83,070 Total current assets $73,000 Net plant and equipment 50,000 46,000 Total assets $133,070 $119,000 Liabilities and Equity Accounts payable $10,500 9,000 Accruals 7,100 6,000 Notes payable 6,600 5,050 $ 24,200 20,050 Total current liabilities Long-term bonds 10,000 10,000 Total liabilities 34,200 30,050 Common stock...
2018 2017 Assets Cash and equivalents $14,000 11,000 Accounts receivable 35,000 30,000 Inventories 30,120 27,000 Total current assets 79,120 68,000 Net plant and equipment 48,000 45,000 Total assets $127,120 $113,000 Liabilities and Equity Accounts payable 8,500 10,500 Accruals 7,600 6,000 Notes payable 6,100 5,150 $ 19,650 Total current liabilities 24,200 Long-term bonds 10,000 10,000 $29,650 Total liabilities 34,200 Common stock (4,000 shares) 50,000 50,000 Retained earnings 42,920 33,350 Common equity 92,920 83,350 Total liabilities and equity $127,120 $113,000 Income Statement...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant and equipment Total assets Liabilities and Equity 8 Accounts payable $ 11,000 8 Accruals 7,600 Notes payable 6,000 Total current liabilities Long-term bonds Total liabilities 99% 318 88 44,500 40,000 49,955 Common stock (4,000 shares) Retained earnings 40,000 49,955 35,100 Common equity $ 89,955 $75.100 Total liabilities and equity $134,555 $115,000 Income Statement for Year Ending December 31, 2018 Sales $225,000 Operating costs excluding...
Help
Arlington Corporation's financial statements (dollars and shares are in milions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $ 15,00014,000 30,000 28,000 80,325 $72,000 49,000 $134,325 $121,000 35,000 30,325 Total current assets Net plant and equipment Total assets 54,000 Liabilities and Equity Accounts payable Accruals Notes payable $ 10,400 8,500 7,500 6,700 $24,600 6,000 5,300 $19,800 Total current liabilities Liabilities and Equity Accounts payable Accruals Notes payable $ 10,400...
Arlington Corporation's financial statements (dollars and shares are in millions) a Balance Sheets as of December 31 2018 2017 Assets Cash and equivalents $ 14,000 $ 13,000 Accounts receivable 30,000 20,000 Inventories 25,585 17,000 Total current assets $69,585 $50,000 Net plant and equipment 46,000 45,000 Total assets $115,58 $95,000 Liabilities and Equity Accounts payable $ 10,900 s 8,500 Accruals 7,100 5,000 Notes payable 6,800 5,050 Total current liabilities $ 24,800 s 18,550 Long-term bonds 10,000 10,000 $ 34,800 $ 28,550...
Most questions answered within 3 hours.
-
You capture data by having 8 people fill in 30 small dots on a
piece of...
asked 3 hours ago -
What are the z-values such that 70% of the area lies in the
middle of the...
asked 5 hours ago -
You borrow $29,500 to purchase a brand new car. The interest
rate is 6%, and the...
asked 5 hours ago -
The amount of time it takes an asteroid, whose average distance
from the Sun is 4.70...
asked 5 hours ago -
A 0.289 kg mass slides on a frictionless floor with a speed of
1.34 m/s. The...
asked 5 hours ago -
15.A box contains five red balls, three green balls, and two
yellow balls. Suppose you select...
asked 8 hours ago -
Assume you are given the following for Stackelberg industries:
Return on Assets (ROA) = 8%
Debt...
asked 6 hours ago -
an engineer proposes to use mmWave in 5G network to
increase data rate.
What are the...
asked 6 hours ago -
Explain the idea behind using SEMIJOIN in distributed
query processing.
asked 6 hours ago -
why
is context important in selecting and applying guidelines and
principles for interface design?
illustrate your...
asked 6 hours ago -
In a certain board game, a player rolls two fair six-sided dice
until the player rolls...
asked 8 hours ago -
You are going to deposit $3,200 in an account that pays .58
percent interest compounded quarterly....
asked 6 hours ago