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Figure out a cash flow table for the fiscal year of 2012 to 2015 based on the income statement provided and financial ratios. Use the
Figure out a cash flow table for the fiscal year of 2012 to 2015 based on the income statement provided and financial ratios. Use the NWC(fixed asset) turnover ratio to figure out the NWC and fixed asset. Please use the bullish scenario only
\begin{tabular}{|c|c|c|c|c|} \hline & \begin{tabular}{c} 2008 \\ (Feb 2009) \end{tabular} & \begin{tabular}{c} 2009 \\ (Feb 2010) \end{tabular} & \begin{tabular}{c} 2010 \\ (Feb 2011) \end{tabular} & \begin{tabular}{c} 2011E \\ (Feb 2012) \end{tabular} \\ \hline \multicolumn{5}{|l|}{ Total American Greetings Figures } \\ \hline Total Revenue & 1,691 & 1,636 & 1,593 & 1,677 \\ \hline Material, Labor, and Other Pruduction Costs & 810 & 713 & 682 & 743 \\ \hline Selling, Distribution, and Marketing Expenses & 619 & 508 & 478 & 526 \\ \hline Administrative and General Expenses & 226 & 276 & 261 & 258 \\ \hline Goodwill and Other Intangible Asset Impairments & 290 & 0 & 0 & 0 \\ \hline Other Operating Expenses & 1 & 0 & 3 & (6) \\ \hline Operating Income & (253) & 139 & 175 & 157 \\ \hline Net Interest and Other Nonoperating Expenses & 22 & 18 & 19 & 28 \\ \hline Income Before Income Tax Expense & (275) & 121 & 156 & 129 \\ \hline Income Tax Expense & (47) & 39 & 69 & 47 \\ \hline Net Income & (228) & 82 & 87 & 82 \\ \hline Earnings Per Share (Basic) & (4.89) & 2.07 & 2.18 & 2.22 \\ \hline Dividends per Share & 0.60 & 0.36 & 0.56 & 0.60 \\ \hline \multicolumn{5}{|l|}{ By Business Unit } \\ \hline \multicolumn{5}{|l|}{ Operating Segment Net Sales } \\ \hline North American Social Expression Products & 1,095 & 1,235 & 1,191 & 1,215 \\ \hline International Social Expression Products & 271 & 254 & 262 & 344 \\ \hline Retail Operations & 179 & 12 & & \\ \hline AG Interactive & 83 & 80 & 78 & 68 \\ \hline \multicolumn{5}{|l|}{ Operating Segment Earnings } \\ \hline North American Social Expression Products & 70 & 236 & 218 & 148 \\ \hline International Social Expression Products & (78) & 17 & 20 & 20 \\ \hline Retail Operations & (19) & (35) & & \\ \hline AG Interactive & (162) & 11 & 14 & 14 \\ \hline \multicolumn{5}{|l|}{ Total Revenue by Product Category } \\ \hline Everyday Greeting Cards & 704 & 764 & 753 & 823 \\ \hline Seasonal Greeting Cards & 357 & 369 & 377 & 408 \\ \hline Gift Packaging & 240 & 221 & 223 & 239 \\ \hline Other Revenue & 44 & 38 & 32 & 32 \\ \hline All Other Products & 345 & 244 & 207 & 176 \\ \hline \end{tabular} \begin{tabular}{lccccc} \hline & Actual & \multicolumn{4}{c}{ Forecast } \\ \cline { 5 - 6 } & 2011 & 2012 & 2013 & 2014 & 2015 \\ \hline Bullish Scenario & & & & & \\ Revenue Growth & 5.3% & 1.0% & 1.5% & 2.0% & 2.5% \\ Operating Margin & 9.4% & 9.0% & 9.0% & 9.0% & 9.0% \\ Net Working Capital Turnover & 5.02 & 6.00 & 6.50 & 7.00 & 7.50 \\ Fixed Asset Turnover & 1.95 & 1.95 & 1.95 & 1.95 & 1.95 \\ Bearish Scenario & & & & & \\ Revenue Growth & 5.3% & 0.0% & 0.0% & 0.0% & 0.0% \\ Operating Margin & 9.4% & 8.0% & 7.0% & 6.0% & 5.0% \\ Net Working Capital Turnover & 5.02 & 6.00 & 6.50 & 7.00 & 7.50 \\ Fixed Asset Turnover & 1.95 & 1.95 & 1.95 & 1.95 & 1.95 \\ \hline \end{tabular}Step by Step Solution
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