Question
Marshalls, Inc. 2022 Statement of comprehensive income (S in millions) Net sales $1,854 Less: Cost of goods sold 995 Less: Depreciation 180 Earnings before interest
Marshalls, Inc. 2022 Statement of comprehensive income (S in millions) | |
Net sales | $1,854 |
Less: Cost of goods sold | 995 |
Less: Depreciation | 180 |
Earnings before interest and taxes | 679 |
Less: Interest paid | 80 |
Taxable income | 599 |
Less: Taxes (20%) | 119.8 |
Net income | $479 |
Addition to retained earnings | ? |
Dividends paid | ? |
Marshalls, Inc. 2021 and 2022 Statement of financial position (S in millions) | |||||
| 2021 | 2022 |
| 2021 | 2022 |
Cash | $100 | $121 | Accounts payable | $400 | $350 |
Accounts rec. | 350 |
| 425 Notes payable | 390 | 370 |
Inventory | 440 | 410 | Total | $790 | $720 |
Total | $890 |
| $956 Long-term debt | 500 | 550 |
Net fixed assets | 1,556 |
| 1,704 Common stock | 600 | 580 |
|
|
| Retained earnings | 556 | 810 |
Total assets | $2,446 |
| $2,660 Total liabilities | $2,446 | $2,660 |
Calculate dividend paid and retained earning in 2022 Income Statement. What are the components of the Du Pont identity and ROE for the company? What is the Free Cash Flow of 2022? Use year-end 2022 values where appropriate.
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