Question
Earnings Statement (2012) below What is the FCF for 2012? Net Sales 2371 Cost of Goods Sold (COGS) 1300 Sales, General and Administrative Expenses (SG&A)
Earnings Statement (2012) below What is the FCF for 2012?
Net Sales | 2371 |
Cost of Goods Sold (COGS) | 1300 |
Sales, General and Administrative Expenses (SG&A) | 300 |
Depreciation | 104 |
Interest | 86 |
Pre-tax Income | 581 |
Taxes (@ 34%) | 198 |
Net Income (NI) | 383 |
Dividends | 50 |
Retained Earnings (RE) | 333 |
Balance Sheet
Year | 2011 | 2012 |
Cash | 404 | 299 |
Accounts Receivable | 550 | 600 |
Inventories | 443 | 475 |
Total Current Assets | 1397 | 1374 |
Gross Fixed Assets | 5342 | 6000 |
Accumulated Depreciation | 3200 | 3304 |
Net Fixed Assets | 2142 | 2696 |
Total Net Assets | 3539 | 4070 |
Accounts Payable | 482 | 482 |
Accrued Expenses | 200 | 200 |
Short Term Bank debt | 200 | 423 |
Total Current-Liabilities | 882 | 1105 |
Long Term Debt | 1025 | 975 |
Common Stock and Paid-in Surplus | 500 | 525 |
Retained Earnings | 1132 | 1465 |
Total liabilities plus equity | 3539 | 4070 |
Step by Step Solution
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
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