Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories s 14,000 13,000 30,000 27,000 $ 70,000 48,000 $118,000 35,000

image text in transcribed
image text in transcribed
image text in transcribed
Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories s 14,000 13,000 30,000 27,000 $ 70,000 48,000 $118,000 35,000 30,615 $ 79,615 51,000 $130,615 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accrual:s Notes payable $ 8,500 7,000 5,500 s 25,000s 21,000 15,000 $ 36,000 60,000 22,000 s 82,000 5118,000 $11,000 7,500 6,500 Total current liabilities 15,000 40,000 60,000 30,615 s 90,615 $130,615 Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity Income Statement for Year Ending December 31, 2016 Sales Operating costs exduding deprecdiation and amortization EBITDA Depredation & amortization EBIT Interest EBT Taxes (40%) Net income Dividends paid Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. $199,000 150,000 $49,000 6,000 $43,000 7,250 $ 35,750 14,300 $21,450 12,835 a. What was net operating working capital for 2015 and 20167 2015 $ nillion 2016 million b. What was Arlington's 2016 free cash flow? million c. Construct Arlington's 2016 statement of stockholders equity. Total Stockholders Equity Common Stock Retained Earnings Shares Amount million miltion million million million Balances, 12/31/15 2016 Net Income Cash Dividends Addition to retained earnings Balances, 12/31/16 million million million million miltion d what was Artington's 2016 EVA? Assume that its arter-tax cost or capital is 10%, Round your answer to two decimal places. million e. What was Arlington's MVA at year-end 20167 Assume that its stock price at December 31, 2016 was $25

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

Corporate Finance Laws And Corporate Social Responsibility In India

Authors: S. K. Saini

1st Edition

3659506117, 9783659506116

More Books

Students also viewed these Finance questions