Question
Calculate the company's FCFF and FCFEE value using the information below: Balance Sheet 2010 ($'000) 2009 ($'000) Gross property, plant and equipment 1,443 1,125
Calculate the company's FCFF and FCFEE value using the information below: Balance Sheet 2010 ($'000) 2009 ($'000) Gross property, plant and equipment 1,443 1,125 Less: Accumulated depreciation 260 200 Net property, plant and equipment 1.183 925 Total non-current assets 1,183 925 Inventory 45 Accounts receivable 8 15 Cash 24 20 Total current assets 85 80 Total assets 1,268 1,005 Common stock 300 300 Retained earnings 503 335 Total equity 803 635 Long-term debt 365 Short-term debt 62 Accounts payable 38 30 Total current liabilities 100 80 Total liabilities 465 370 Total equity and liabilities 1,268 1,005 Income Statement 2010 ($'000) 2009 ($'000) Sales 625 450 Cost of goods sold 280 225 Gross profit 345 225 SG&A 25 20 Depreciation 50 EBIT 260 155 Interest expense 20 15 Pre-tax earnings 240 140 Taxes (30%) 72 42 Net income 168 98
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