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a) What is the Net Operating Profit After Tax for 2012, 2013, and 2014? b) What is the Operating Current Assets for 2012, 2013, and

a) What is the Net Operating Profit After Tax for 2012, 2013, and 2014?

b) What is the Operating Current Assets for 2012, 2013, and 2014?

c) What is Operating Current Liabilities for 2012, 2013, and 2014?

d) What is Net Operating Working Capital for 2012, 2013, and 2014?

e) What is operating Long-term Assets for 2012, 2013, and 2014?

f) What is Net Operating Capital for 2012, 2013, and 2014?

g) What is Net investment for 2013 and 2014?

h) What is Free Cash flow for 2013 and 2014?

2014 14,000 71,632 878,000 715,2001,287,3601,716,480 1,946,8022,680,112 836,840 1,468,8002,886,5923,516,952 Balance Sheets 2012 9,000 48,600 2013 7,282 as Short-term investments Accounts receivable Inventory Total Current Assets Net Fixed Assets Total Assets 351,200 632,160 1,124,0001 344,800 939,790 Accounts payable Notes payable Accruals Total Current Liabilities Long-term debt Common stock Retained earnings 359,800 300,000 380,000 481,6001,328,9601,039,800 500,000 460,0001,680,936 296,216 1,977,152 1,468,8002,886,5923,516,952 145,600 200,000 136,000 324,000 720,000 284,960 323,432 1,000,000 460,000 203,768 663,768 97,632 557,632 Total Liabilities and Equity 2014 3,432,000 5,834,4007,035,600 2,864,0004,980,0005,800,000 120,000 612,960 502,640 80,000 422,640 169,056 253,584 Income Statements 2012 2013 Cost of goods sold Depreciation Other operating expense EBIT Interest expense Earnings before tax Taxes (40%) Net income 18,900 340,000 209,100 62,500 146,600 116,960 720,000 17,440 176,000 -158,560 63,424 95,136 87,960 2014 250,000 0.220 2013 Other Data Stock Price Shares Outstanding 2012 100,000 0.880 0.220 100,000 (0.951) 0.110 DPS Tax Rate Book value per share Lease Payments WACC (cost of capital) 7.909 40,000 40,000

Balance Sheets Cash Short-term investments Accounts receivable Inventory Total Current Assets Net Fixed Assets Total Assets Accounts payable Notes payable Accruals Total Current Liabilities Long-term debt Common stock Retained earnings Total equity Total Liabilities and Equity Income Statements Sales Cost of goods sold Depreciation Other operating expense EBIT Interest expense Earnings before tax Taxes (40%) Net income Other Data Stock Price Shares Outstanding EPS DPS Tax Rate Book value per share Lease Payments WACC (cost of capital) 2012 2013 9,000 7,282 48,600 20,000 351,200 632,160 715,200 1,287,360 1,124,000 1,946,802 344,800 1,468,800 145,600 200,000 136,000 481,600 323,432 460,000 203,768 663,768 1,468,800 18,900 340,000 209,100 62,500 146,600 58,640 87,960 2012 2013 3,432,000 5,834,400 2,864,000 4,980,000 2012 8.50 100,000 0.880 0.220 939,790 2,886,592 0.40 6.638 40,000 10% 324,000 720,000 284,960 1,328,960 1,000,000 460,000 97,632 557,632 2,886,592 116,960 720,000 17,440 176,000 -158,560 -63,424 -95,136 2013 6.00 100,000 (0.951) 0.110 0.40 5.576 40,000 10% 2014 14,000 71,632 878,000 1,716,480 2,680,112 836,840 3,516,952 359,800 300,000 380,000 1,039,800 500,000 1,680,936 296,216 1,977,152 3,516,952 2014 7,035,600 5,800,000 120,000 612,960 502,640 80,000 422,640 169,056 253,584 2014 12.17 250,000 1.014 0.220 0.40 7.909 40,000 10%

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