Question
Consider the following abbreviated financial statements for DYB, Inc.: Balance Sheets as of December 31, 2021 and 2022 Current assets Net fixed assets Total assets
Consider the following abbreviated financial statements for DYB, Inc.: Balance Sheets as of December 31, 2021 and 2022 Current assets Net fixed assets Total assets 2021 $3,150 2,790 $5,940 2022 $3,960 3,060 $7,020 ($ in thousands) Current liabilities Long-term debt Common stock Retained earnings Total liabilities and shareholders equity $9,000 6,940 360 $1,700 315 $1,385 270 $1,115 2021 $1,080 1,955 2,680 225 $5,940 2022 $1,350 2,100 2,830 740 $7,020 2022 Income Statement ($ in thousands) Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends = $600 a. What is the 2022 operating cash flow? (2 marks) b. What is the 2022 net capital spending? (2 marks) c. What is the 2022 change in net working capital? (2 marks) d. Based on (a), (b) and (c), calculate the 2022 cash flow from assets. (2 marks) e. What is the 2022 cash flow to creditors? (2 marks) f. What is the 2022 cash flow to stockholders? (2 marks) g. What is the 2022 Net profit margin? (2 marks) h. What is the 2022 Asset turnover? (2 marks) i. What is the 2022 Equity multiplier? (2 marks) j. Use the Du Pont identity to calculate the 2022 return on equity. (2 marks)
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