Sales for 2011 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and - 13945

Solution Posted by
yousafbhutta

yousafbhutta

Rating : (28)C
Solution Detail
Price: $20.00
  • From: Business,
  • Posted on: Mon 17 Sep, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 

(in thousands of dollars)                        
        2011 2010                
Assets              
 
         
Cash       102850 89725   13125            
Accounts receivable     103365 85527   17838            
Inventories       38444 34982   3462            
  Total current assets     244659 210234   34425            
Net fixed assets     67165 42436   24729            
Total assets       311824 252670   59154            
                           
Liabilities and equity                        
Accounts payable     30761 23109   7652            
Accruals       30477 22656   7821            
Notes payable       16717 14217   2500            
  Total current liabilities     77955 59982   17973            
Long-term debt     76264 63914   12350            
  Total liabilities     154219 123896   30323            
Common stock     100000 90000   10000            
Retained earnings     57605 38774   18831            
  Total common equity     157605 128774   28831            
Total liabilities and equity     311824 252670   59154            
                           
a.   Sales for 2011 were $455,150,000, and EBITDA was 15% of sales.  Furthermore, depreciation and            
      amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax              
      rate was 40%, and Laiho pays 40% of its net income as dividends.  Given this information,              
     construct the firm’s 2011 income statement.                      
                           
                           
b.   Construct the statement of stockholders' equity for the year ending December 31, 2011,              
                           
c.   Calculate the 2011 statement of cash flows
 
   
 
         
   
 
               
       
 
                 
                       
d.   Calculate 2010 and 2011 net operating working capital (NOWC) and 2011 free cash flow (FCF), using the following formulas        
                           
Net Operating Working Capital (must be financed by external sources)                  
NOWC = Current assets (Current liabilities Notes payable)                
                           
Free Cash Flow      
 
 
 
           
FCF = EBIT (1 T) + Depreciation Capital expenditures + Increase in NOWC            
                           
Solution Description

Pl give me

Attachments
Question of Finance.xlsx
Question of Fin...