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2. Dee Dee's Marina is obligated to pay its creditors $6,400 today. The firm's assets have a current market value of $5,900. What is the

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2. Dee Dee's Marina is obligated to pay its creditors $6,400 today. The firm's assets have a current market value of $5,900. What is the current market value of the shareholders' equity? The next page shows two years of Income Statements and Balance Sheets for a fictional firm. Use this information for the remaining problems, all of which ask about the second year. 3. According to an accountant or a banker, what is the Net Working Capital of this firm? 4. According to a financial equity analyst, what is the Net Working Capital of this firm? 5. According to an accountant or a banker, what percent of this firm's book value of assets is funded by debt? 6. According to a financial equity analyst, what percent of this firm's book value of assets is funded by debt? 7. What is the amount of dividends paid? Hint: use the net income and the change in retained earnings. 8. What is the Net Capital Spending? Hint: use the change in book value of assets and the depreciation 9. What is the Operating Cash Flow? Compute this using four methods: a. EBIT Approach b. Tax Shield Approach c. Top-Down Approach d. Bottom-Up Approach 10. What is the Cash Flow from Assets? a. Use CFFA = OCF - NCS - Changes in NWC (using OCF from part A in the previous problem) b. Use the payout to owners method

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