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Construct the statement of stockholders' equity for the year ending December 3 1 , 2 0 2 1 , and the 2 0 2 1
Construct the statement of stockholders' equity for the year ending December and the statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year. Laiho Industries: Statement of Stockholders' Equity, December thousands of dollars Common Stock Retained Earnings Total Stockholders' Equity Balances, December $ fill in the blank $ fill in the blank $ fill in the blank Common stock issue fill in the blank fill in the blank Net income fill in the blank Cash dividends fill in the blank Addition to retained earnings fill in the blank Balances, December $ fill in the blank $ fill in the blank $ fill in the blank Laiho Industries: Statement of Cash Flows for thousands of dollars Operating Activities Net income $ fill in the blank Depreciation and amortization fill in the blank Increase in accounts payable fill in the blank Increase in accruals fill in the blank Increase in accounts receivable fill in the blank Increase in inventories fill in the blank Net cash provided by operating activities $ fill in the blank Investing Activities Additions to property, plant, and equipment $ fill in the blank Net cash used in investing activities $ fill in the blank Financing Activities Increase in notes payable $ fill in the blank Increase in longterm debt fill in the blank Increase in common stock fill in the blank Payment of common dividends fill in the blank Net cash provided by financing activities $ fill in the blank Summary Net increasedecrease in cash $ fill in the blank Cash at the beginning of the year fill in the blank Cash at the end of the year $ fill in the blank Calculate and net operating working capital NOWC and free cash flow FCF Assume the firm has no excess cash. NOWC: $ fill in the blank thousand NOWC: $ fill in the blank thousand FCF: $ fill in the blank thousand If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders? If Laiho increased its dividend payout ratio, the firm would pay corporate taxes and the company's shareholders would pay taxes on the dividends they would receive. Assume that the firm's aftertax cost of capital is What is the firm's EVA? $ fill in the blank thousand Assume that the firm's stock price is $ per share and that at yearend the firm has million shares outstanding. What is the firm's MVA at yearend $ fill in the blank thousand
Construct the statement of stockholders' equity for the year ending December and the statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.
Laiho Industries: Statement of Stockholders' Equity, December thousands of dollars
Common Stock Retained Earnings Total Stockholders' Equity
Balances, December $ fill in the blank
$ fill in the blank
$ fill in the blank
Common stock issue fill in the blank
fill in the blank
Net income fill in the blank
Cash dividends fill in the blank
Addition to retained earnings fill in the blank
Balances, December $ fill in the blank
$ fill in the blank
$ fill in the blank
Laiho Industries: Statement of Cash Flows for thousands of dollars
Operating Activities
Net income $ fill in the blank
Depreciation and amortization fill in the blank
Increase in accounts payable fill in the blank
Increase in accruals fill in the blank
Increase in accounts receivable fill in the blank
Increase in inventories fill in the blank
Net cash provided by operating activities $ fill in the blank
Investing Activities
Additions to property, plant, and equipment $ fill in the blank
Net cash used in investing activities $ fill in the blank
Financing Activities
Increase in notes payable $ fill in the blank
Increase in longterm debt fill in the blank
Increase in common stock fill in the blank
Payment of common dividends fill in the blank
Net cash provided by financing activities $ fill in the blank
Summary
Net increasedecrease in cash $ fill in the blank
Cash at the beginning of the year fill in the blank
Cash at the end of the year $ fill in the blank
Calculate and net operating working capital NOWC and free cash flow FCF Assume the firm has no excess cash.
NOWC: $ fill in the blank
thousand
NOWC: $ fill in the blank
thousand
FCF: $ fill in the blank
thousand
If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders?
If Laiho increased its dividend payout ratio, the firm would pay
corporate taxes and the company's shareholders would pay
taxes on the dividends they would receive.
Assume that the firm's aftertax cost of capital is What is the firm's EVA?
$ fill in the blank
thousand
Assume that the firm's stock price is $ per share and that at yearend the firm has million shares outstanding. What is the firm's MVA at yearend
$ fill in the blank
thousand
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