Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Balance Sheet 2020 2019 Current Assets $11.212.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42.21200 $40,000.00 Current Liabilities 88,561.00 $8.000.00 Long-term debt $12,770 00 $12,000.00

image text in transcribed
Balance Sheet 2020 2019 Current Assets $11.212.00 $10,000.00 Net PPE $31,000.00 $30,000.00 Total Assets $42.21200 $40,000.00 Current Liabilities 88,561.00 $8.000.00 Long-term debt $12,770 00 $12,000.00 Total Liabilities $21,33100 $20,000.00 Shareholder Equity $20,881.00 $20,000.00 Liabilities and Equity $42,212.00 $40,000.00 2020 2019 Income Statement SALES $11,000.00 $10,000.00 COGS $4,400 00 $4,000.00 GROSS PROFIT $6,600,00 $6,000.00 S&A $1,100.00 $1,000.00 Depreciation $550 00 $500.00 EBIT $4,950.00 $4,500,00 INTEREST $1,272.00 $1,200.00 EBT $3,678 00 $3,300.00 $1,324 08 $1,188.00 TAXES (3600%) NET INCOME $2,353.02 $2,112 00 Going forward, analysts have forecasted the following free cash flown. 2,650.00 in 2021, and $2,000 00 in 2022 Aitor that point, analysts expect from cash flows to grow at 8.00% Tho fimbus no short-term dobtor preferred stock, and there are 1,000 shares outstanding The Bom's cost of capitalis 0.00% Find the free cash flow for the firm in 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Finance Theory And Policy

Authors: Steven Michael Suranovic

1st Edition

193612646X, 9781936126460

More Books

Students also viewed these Finance questions

Question

Describe the three-tier client-server model.

Answered: 1 week ago

Question

What is the best vacation plan for our family?

Answered: 1 week ago