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 |
Balance Sheets as of December 31 2016 2015 $ 14,000 1 Cash and equivalents Accounts receivable...
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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...
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