Question
Assume that COGS is always 70% of Sales, Interest Expense is always 10% of the previous years long term debt, Depreciation is always 20% of
Assume that COGS is always 70% of Sales, Interest Expense is always 10% of the previous years long term debt, Depreciation is always 20% of the previous years Net Fixed Assets, and taxes are always 40% of EBT.
2014 2015 2016 2017
Net Working Capital 1000 1000 1200 1300
Net Fixed Assets 1500 1600
Long Term Debt 2000 2040 2644
Total Equity 500 460 440 436
2014 2015 2016 2017
Sales xxx 2000 3500
COGS xxx 1400 2450
Depreciation xxx 300 300 320
EBIT xxx 300 730
Interest xxx 204 236
EBT xxx 494
Taxes xxx 120 198
NI xxx 296
Capital Expenditures 400
Dividends 100 200 300
Fill out the chart above first and then answer the questions
What is 2016 Sales?
a.1820 b. 2112 c. 2360 d. 2680
What is Additional Financing Needed in 2016?
a.176 b. 240 c. 284 d.320
What is Capital Expenditures in 2017?
a. 200 b. 300 c.400 d.500
What is the Fixed Asset Turnover in 2015?
1.33 b. 2 c. 2.5 d. 3
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Audit In A Democracy The Australian Model Of Public Sector Audit And Its Application To Emerging Markets
Authors: Paul Nicoll
1st Edition
0754644294, 978-0754644293
