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Just need to answer bottom right Beneish M-model 2018 10pt Calculate Free Cash Flow USE 34% INC.TAX RATE EBIT EBIT X(1 - 34 tax rate)

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2018 10pt Calculate Free Cash Flow USE 34% INC.TAX RATE EBIT EBIT X(1 - 34 tax rate) Income Statement Sales/Revenue COGS excluding D&A Gross Profit Depreciation & Amort Expense SG&A Expense |EBIT Interest Expense Pretax income Income Tax Consolidated Net Income Stock Price Basic Shares Dutstanding 2018 2017 20,204 18,906 12,176 11,944 8,028 6,962 991 938 5,501 4,435 1,536 1,589 380 375 1,156 1,214 399 419 757 795 $ 71.38 S 40.12 167 178 Free Cash Flow 10pts Use AVG Assets, Equity for DuPont COMPUTE 5-step DuPont 2018 R.O.Eeve Equity >> BALANCE SHEET Cash & Short Term Investments Total Accounts Receivable Inventories Total Current Assets Net Property. Plant & Equipment Tangible Other Assets Total Assets Labilities & Shareholders' Equity ST Debt & Current Portion LT Debt Accounts Payable income Tax Payable Other Current Liabilities Total Current Liabilities Long-Term Debt Deferred Taxes Other Liabilities Total Liabilities Common Stock Par/Carry Value Retained Earning Treasury Stock Total Shareholders' Equity Liabilities & Shareholders' Equity 2018 2017 1,507 1,273 530 378 3,542 3,795 5.579 5,446 7.773 8,103 211 224 13,563 13.773 2018 2017 251 131 1.271 1,507 99 112 1,188 1,324 2,709 2,974 4388 4.480 186 272 761 770 8,044 8,496 3,171 12,999 12.522 -10,651 -10,338 5,519 5,277 13,563 13,773 10pts Use Year-end Assets, Equity, not AVG Compute Sustain Growth 2018 3,093 Numerator Denoninator S.G.R. (end Eculty >> 2018 18pts Beneish M-model Days Sales Recivables index Gross Margin Index 2018 757 991 -200 398 1.946 2017 795 938 328 89 1.972 Asset Quality Index Sales Growth Index CASH FLOW STATEMENT Net Income Before Extraordinaries Depreciation, Depletion & Amortizat Other Funds Changes in Working Capital Net Operating Cash Flow Investing Activities Capital Expenditures Net Investing Cash Flow Financing Activities Common Dividends Changes in Capital Stock Change in Long Term Debt Net Financing Cash Flow -649 -649 -756 -756 Depreciation Index -556 368 302 -138 808 Sales Gen Admin Expanse Index Tot Accruals to Tot Assets Leverage Index Benelsh M-model -1030 2018 10pt Calculate Free Cash Flow USE 34% INC.TAX RATE EBIT EBIT X(1 - 34 tax rate) Income Statement Sales/Revenue COGS excluding D&A Gross Profit Depreciation & Amort Expense SG&A Expense |EBIT Interest Expense Pretax income Income Tax Consolidated Net Income Stock Price Basic Shares Dutstanding 2018 2017 20,204 18,906 12,176 11,944 8,028 6,962 991 938 5,501 4,435 1,536 1,589 380 375 1,156 1,214 399 419 757 795 $ 71.38 S 40.12 167 178 Free Cash Flow 10pts Use AVG Assets, Equity for DuPont COMPUTE 5-step DuPont 2018 R.O.Eeve Equity >> BALANCE SHEET Cash & Short Term Investments Total Accounts Receivable Inventories Total Current Assets Net Property. Plant & Equipment Tangible Other Assets Total Assets Labilities & Shareholders' Equity ST Debt & Current Portion LT Debt Accounts Payable income Tax Payable Other Current Liabilities Total Current Liabilities Long-Term Debt Deferred Taxes Other Liabilities Total Liabilities Common Stock Par/Carry Value Retained Earning Treasury Stock Total Shareholders' Equity Liabilities & Shareholders' Equity 2018 2017 1,507 1,273 530 378 3,542 3,795 5.579 5,446 7.773 8,103 211 224 13,563 13.773 2018 2017 251 131 1.271 1,507 99 112 1,188 1,324 2,709 2,974 4388 4.480 186 272 761 770 8,044 8,496 3,171 12,999 12.522 -10,651 -10,338 5,519 5,277 13,563 13,773 10pts Use Year-end Assets, Equity, not AVG Compute Sustain Growth 2018 3,093 Numerator Denoninator S.G.R. (end Eculty >> 2018 18pts Beneish M-model Days Sales Recivables index Gross Margin Index 2018 757 991 -200 398 1.946 2017 795 938 328 89 1.972 Asset Quality Index Sales Growth Index CASH FLOW STATEMENT Net Income Before Extraordinaries Depreciation, Depletion & Amortizat Other Funds Changes in Working Capital Net Operating Cash Flow Investing Activities Capital Expenditures Net Investing Cash Flow Financing Activities Common Dividends Changes in Capital Stock Change in Long Term Debt Net Financing Cash Flow -649 -649 -756 -756 Depreciation Index -556 368 302 -138 808 Sales Gen Admin Expanse Index Tot Accruals to Tot Assets Leverage Index Benelsh M-model -1030

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