Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. b. Construct the statement of stodholders' equity for the year ending December 31, 2021, and the 2021, statement of cash flowe, Hint: The difference in accumilated depreciabion from cone yoar to the nout is the annual depreciation eqperse for the yoar. ut siwhthelders' Enuitv. December 31, 2021. (thoustands of dollars) Laihe Industries: Statement of Cash Flows for 2021 (thousands of dollars) c. Calculate 2020 and 2021 net operating working capital (NowC) and 2021 free cash flow (FCF). Assume the firm hat no excess cash. d. If Laihe increasnd its dvidend puyput ratio, what affect would thin have on corporate taxes paid? What affect would this have on taxes paid by the cormpany't sharehaldars? 31 Laitio increased ite diydent payout ratie, the firm vould pey corporate taxics and the compary's sharehalders would pay dividends they vould receven- s. Assume that the firm's aftertar cost of capital in to.594. What is the firm's 2021 EVA? $ thousand 1. Assume that the firm's stock price is \$2t per share and that at year-end 2021 the firm has 10 millen ahares cutatanding. What is the firm's MVA ot year-and 2021 ? 5 thousand Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of ca one year to the next is the annual depreciation expense for the year. Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) Financing Activities Increase in notes payable Increasse in lang-term debt Increase in cormmon stock: Payment of comman dividenidu nowe hemis Forizit s. thaupand distdexie the inuble receice. 1 thestate Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. b. Construct the statement of stodholders' equity for the year ending December 31, 2021, and the 2021, statement of cash flowe, Hint: The difference in accumilated depreciabion from cone yoar to the nout is the annual depreciation eqperse for the yoar. ut siwhthelders' Enuitv. December 31, 2021. (thoustands of dollars) Laihe Industries: Statement of Cash Flows for 2021 (thousands of dollars) c. Calculate 2020 and 2021 net operating working capital (NowC) and 2021 free cash flow (FCF). Assume the firm hat no excess cash. d. If Laihe increasnd its dvidend puyput ratio, what affect would thin have on corporate taxes paid? What affect would this have on taxes paid by the cormpany't sharehaldars? 31 Laitio increased ite diydent payout ratie, the firm vould pey corporate taxics and the compary's sharehalders would pay dividends they vould receven- s. Assume that the firm's aftertar cost of capital in to.594. What is the firm's 2021 EVA? $ thousand 1. Assume that the firm's stock price is \$2t per share and that at year-end 2021 the firm has 10 millen ahares cutatanding. What is the firm's MVA ot year-and 2021 ? 5 thousand Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of ca one year to the next is the annual depreciation expense for the year. Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) Financing Activities Increase in notes payable Increasse in lang-term debt Increase in cormmon stock: Payment of comman dividenidu nowe hemis Forizit s. thaupand distdexie the inuble receice. 1 thestate
