ALX Corp. has the following financial statements for years 2018 and 2017: $m $m Income statement...
ALX Corp. has the following financial statements for years 2018 and 2017:
| $m | $m | |
| Income statement | 2018 | 2017 |
| Revenue | $ 1,500 | $ 1,300 |
| EBITDA | $ 160 | $ 150 |
| Dep. & Amor | $ 30 | $ 25 |
| EBIT | $ 130 | $ 125 |
| Net Income | $ 21 | $ 20 |
| EBT | $ 109 | $ 105 |
| Taxes (35%) | ||
| Net Income | ||
| Balance Sheet | 2018 | 2017 |
| Current Assets | $ 340 | $ 250 |
| Net Plant & Equip. | $ 370 | $ 340 |
| Total Assets | $ 710 | $ 690 |
| Current Liabilities | $ 260 | $ 240 |
| LT Debt | $ 100 | $ 100 |
| Equity & Ret. Earnings | $ 350 | $ 350 |
| Total Liab. & Equity | $ 710 | $ 690 |
The 2018 Free Cash Flows (FCFs) for 2018 are:
Select one:
a. $25m
b. $145m
c. None of he Above
d. $115m
e. $55m
Homework Answers
FCF = (EBITDA + Depreciation - Change in Net working Capital - capital expenditure)*65%
= (160 + 30 - ((CA-CL in 2018) - (CA-CL in 2018)) - (plant and equipment in 2018 - plant and equipment in 2017))*65%
= (190 -((340-260)-(250-240))-(370-340))**65% = 58.5
C) None of the above
Add Answer to:
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Comparative balance sheets for 2018 and 2017 and a statement of
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Additional information from the accounting records of Metagrobolize
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$
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$
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Accounts receivable
710
370
Inventory
860
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900
Less: Accumulated depreciation
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Equipment
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% Change Discovery Manufacturing 2017 to 2018
LINE BY LINE ANALYSIS
COMPARED TO
DISCOVERY'S % CHANGE IN SALES
BETTER, SAME AS, WORSE
than Discovery's % Change in Sales
Total sales
Cost of goods sold
Better
Administrative expense
Better
EBITDA
EBIT
Interest expense
EBT
Net income
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LINE BY LINE ANALYSIS
COMPARED TO
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BETTER, SAME...
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Comparative balance sheets for 2018 and 2017 and a statement of
income for 2018 are given below for Metagrobolize Industries.
Additional information from the accounting records of Metagrobolize
also is provided.
METAGROBOLIZE INDUSTRIES
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018
2017
Assets
Cash
$
560
$
370
Accounts receivable
710
370
Inventory
860
440
Land
700
670
Building
900
900
Less: Accumulated depreciation
(200
)
(160
)
Equipment
3,400
3,230
Less: Accumulated depreciation
(343
)...
Calculate values and analyse in Yellow
INCOME STATEMENT
% Change Discovery Manufacturing 2017 to 2018
LINE BY LINE ANALYSIS
COMPARED TO
DISCOVERY'S % CHANGE IN SALES
BETTER, SAME AS, WORSE
than Discovery's % Change in Sales
Total sales
Cost of goods sold
Better
Administrative expense
Better
EBITDA
EBIT
Interest expense
EBT
Net income
Dividends
Additions to Retained Earnings
BALANCE SHEET
% Change Discovery Manufacturing 2017 to 2018
LINE BY LINE ANALYSIS
COMPARED TO
DISCOVERY'S % CHANGE IN SALES
BETTER, SAME...
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2018, 2017, and 2016 2018 2017 2016 Sales $389,743 $298,575 $207,200 Cost of goods sold 234,625 188,401 132,608 Gross profit 155, 118 110,174 74,592 Selling expenses 55,344 41,203 27, 350 Administrative expenses 35,077 26,275 | 17,198 Total expenses 90,421 67,478 44,548 Income before taxes 64,697 42,696 30,044 Income tax expense 12,034 8,753 6,099 Net income $ 52,663 $ 33,943 $ 23,945 KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017,...
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