A company’s financials shows the following: 2020 Total Current Assets $14 million 2020 Total Current Liabilities...
A company’s financials shows the following:
2020 Total Current Assets $14 million
2020 Total Current Liabilities $9 million
2020 Marketable Securities $3 million
2020 Notes Payable of $2 million
2019 Net Operating Working Capital of $3 million
2020 Sales of $40 million
2020 Cost of Goods Sold and SG&A Expense $15 million
2020 Interest of 5 million
2020 Depreciation and Amortization of $5 million
2020 Capital Expenditures (CAPEX) of $5 million
2020 Net Fixed Assets of $10 million
2019 Net Fixed Assets of $10 million
2020 Tax rate of 20%; WACC of 10%
2020 Equity of $9 million
2019 Retained Earnings of $20 million
The company does not pay a dividend
a) Calculate the Free Cash Flow for 2020
b) Calculate the Net Income for 2020
c) Calculate the Retained Earnings ending balance for 2020
Homework Answers
A) Calculation of free cash flow
= Net operating profit after tax - Net invesments
= ($ 40 - $15) * 80% - (2 + 5)
Free cash flow =$ 13
B) Calculation of net income = ($40 - $15 - $5 -$5) * 0.8
Net income = $12
c) Retained earnings ending balance for 2020 =
OPening balnace as on 2020 + Net profit during the year = $20 + $12 = $32
Add Answer to:
A company’s
financials shows the following:
2020 Total Current
Assets $14 million
2020 Total Current
Liabilities...
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