Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Q. Sales for 2021 were $448,150,000, and EBITDA was 14% of sales.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Q. Sales for 2021 were $448,150,000, and EBITDA was 14% of sales. Furthermore, depreciation and amortization were 18% of net fixed assets, Interest was $8,802,000, the corporate tax rate was 25%, and Laho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2021 income staternent. Laiho Industriest Income Statement for Year Ending December 31, 2021 (thousands of dollars) Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash. NOWC 2020i$ thousand NOWC 2021:$ thousand FCF2021:$ thousand

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Evolution Of Nordic Finance

Authors: Steffen ElkiƦr Andersen

2011th Edition

0230241557, 978-0230241558

More Books

Students also viewed these Finance questions

Question

c. What were you expected to do when you grew up?

Answered: 1 week ago