Identify and calculate the 20X5 equity and invested capital for the company, as well as the cash flows available to both equity and invested capital holders. Assume a 32.5% effective tax rate if and where appropriate.

XYZ Company, Inc. Historical Financials Balance Sheet 20X4 20X5 20X4 20X3 XYZ Company, Inc. Historical Financials Income Statement 40 50 200 Current Assets Cash Accounts Receivable Inventory Other Current Assets Total Current Assets 170 250 3.1% 13.1% 19.2% 14.6% S0.0% 300 200 750 3.4% 13.8% 20.7% 13.8% 51.7% 190 6SO 20X5 20X5 Fixed Assets FF&E less Accum Depreciation Other Fixed Assets Total Fixed Assets 1.200 (800) 1.300 (850) Revenues Cost of Goods 3,000 1.800 100.0% 60.0% 92.3% -61.5% 0.0% 30.8% 89.7% -58.6% 0.0% 31.0% 400 450 Gross Profit 1,200 40.0% Other Assets Investments Total Other Assets 250 250 250 250 19.2% 19.2% 17.2% 17.2% SG&A Expense Depreciation & Amort. Total Operating Expenses 750 50 800 25.0% 1.7% 26.7% Total Assets 1.300 1.450 100.0% 100.0% Operating Income 400 13.3% Accounts Payable Current Portion LTD Other Current Liabilities Total Current Liabilities 120 80 150 350 140 110 150 400 9.2% 6.2% 11.5% 26.9% 9.7% 7.6% 10.3% 27.6% Interest Expense NIBT 30 370 1.0% 12.3% Long Term Debt 550 500 42.3% 34.5% Total Liabilities 900 900 69.2% 62.1% Taxes 120 4.0% Owner's Equity 400 550 30.8% 37.9% Net Income 250 8.3% Total Liabilities & Equity 1,300 1.450 100.0% 100.0%