its one verb problem with a few parts. the excel info its in the photos. thank you so very much!!!!!

Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) 2021 2020 Cash $102,733 $ 91,365 Accounts receivable 101,857 85,618 Inventories 36,291 33,160 Total current assets $240,881 $210,143 Net fixed assets 69,876 43,786 Total assets $310,757 $253,929 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $ 30,495 28,888 18,087 $ 77,470 75,871 $153,341 97,500 59,916 $157,416 $310,757 $ 23,280 21,097 15,567 $ 59,944 65,021 $124,965 85,000 43,964 $128,964 $253,929 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any. a. Sales for 2021 were $433,650,000, and EBITDA was 14% of sales. Furthermore, depreciation and amortization were 17% of net fixed assets, interest was $9,260,000, the corporate tax rate was 25%, and Laiho pays 46.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement. Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) 2021 Sales $ Operating costs excluding depreciation and amortization EBITDA $ Depreciation and amortization EBIT $ Interest EBT $ Taxes (25%) Net income TA Common dividends $ Addition to retained earnings $ b. Construct the statement of stockholders' equity for the year ending December 31, 2021, - LA... TWICE Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 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 31, 2021 (thousands of dollars) Total Stoc Common Stock Retained Earnings Equ Balances, December 31, 2020 $ Common stock issue 2021 Net income Cash dividends Addition to retained earnings Balances, December 31, 2021 $ Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) 2021 Operating Activities Net income $ Depreciation and amortization Increase in accounts payable Increase in accruals Increase in accounts receivable Increase in inventories Investing Activities Additions to property, plant, and equipment $ $ Net cash used in investing activities Financing Activities Increase in notes payable $ $ Increase in long-term debt Increase in common stock Payment of common dividends Net cash provided by financing activities Summary Net increase/decrease in cash Cash at the beginning of the year Cash at the end of the year $ $ $ c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash. NOWC2020: $ thousand NOWC2021: $ thousand FCF2021: $ thousand C. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash. NOWC2020: $ thousand NOWC2021: $ thousand FCF2021: $ thousand d. 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 on the dividends they would receive. taxes e. Assume that the firm's after-tax cost of capital is 9.5%. What is the firm's 2021 EVA? $ thousand f. Assume that the firm's stock price is $22 per share and that at year-end 2021 the firm has 10 million shares outstanding. What is the firm's MVA at year-end 2021? $ thousand Financial Statements, Cakh Flow, and Taxes Laiho Industries: Balance Sheets as of December 31 (in thousands of dollars) 2021 2020 $102,733 101,857 36,291 $240,881 69,876 $310,757 $91,365 85,618 33,160 $210,143 43,786 $253,929 5 Assets Cash Accounts receivable . Inventories D Total current assets 1 Net fixed assets 2 Total assets 3 4 Liabilities and equity 5 Accounts payable 6 Accruals 7 Notes payable 8 Total current liabilities 9 Long-term debt 0 Total liabilities 1 Common stock 2 Retained earnings 3 Total common equity 4 Total liabilities and equity 5 6 a. Constructing the firm's 2021 income statement 7 8 Laiho Industries: financial information for 2021 9 (in thousands of dollars) 0 $30,495 28,888 18,087 $77,470 75,871 $153,341 97,500 59,916 $157,416 $310,757 $23,280 21,097 15,567 $59,944 65,021 $124,965 85,000 43,964 $128,964 $253,929 Sales EBITDA as a percentage of sales Depr. as a % of fixed assets Tax rate Interest expense Dividend payout ratio $433,650 14% 17% 25% $9,260 46.25% Laiho Industries: Income Statement for Year Ending December 31, 2021 (in thousands of dollars) 2021 Formulas Sales #N/A Operating costs excluding depreciation and amortization #N/A EBITDA #N/A Depreciation and amortization #N/A EBIT #N/A Interest #N/A EBT #N/A Taxes (25%) #N/A Net Income #N/A Common dividends Addition to retained earnings #N/A #N/A b. Constructing the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (in thousands of dollars) Total B D E F G Total Stockholders' Equity #N/A #N/A WNIA WNIA INA #N/A Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (in thousands of dollars) Common Retained Earnings Stock Balances, December 31, 2020 Common stock issue 2 2021 Net income 3 Cash dividends Addition to retained earnings Balances, December 31, 2021 B 7 Laiho Industries: Statement of Cash Flows for 2021 8 (in thousands of dollars) 9 Operating Activities 2021 Formulas 0 Net income #N/A 1 Depreciation and amortization #N/A -2 Increase in accounts payable #N/A -3 Increase in accruals #N/A 24 Increase in accounts receivable #N/A 75 Increase in inventories #N/A 76 Net cash provided by operating activities #N/A 77 78 Investing Activities 79 Additions to property, plant, and equipment #N/A 80 Net cash used in investing activities #NA 81 82 Financing Activities 83 Increase in notes payable #N/A Sheet1 Financing Activities Increase in notes payable Increase in long-term debt Increase in common stock Payment of common dividends Net cash provided by financing activities #N/A #N/A #N/A #N/A #N/A 3 Summary Net Increase/decrease in cash #N/A Cash at the beginning of the year #N/A - Cash at the end of the year #N/A c. Calculating 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF) 5 Excesss cash $0 SNOWC2020 (in thousands of dollars) #N/A - NOWC2021 (in thousands of dollars) #N/A 3 FCF 2021 (in thousands of dollars) #N/A 9.5% #N/A -0 e. Calculating the firm's 2021 EVA 1 After-tax cost of capital 2 EVA2021 (in thousands of dollars) 3 4 f. Calculating the firm's MVA at year-end 2021 5 Stock price 26 Shares outstanding 07 MVA2021 (in thousands of dollars) 08 09 10 $22 10,000 #N/A