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Please Answer all of the questions below with the Balance sheet. Laiho Industries: Balance sheet as of December 3 1 ( thousands of dollars )

Please Answer all of the questions below with the Balance sheet.
Laiho Industries: Balance sheet as of December 31(thousands of dollars)
A. Sales for 2023 were $455,150,000 and EBITDA was 15% of sales. Furthermore,
depreciation and amortization were 18% of net fixed assets, interest was $8,583,000,
the corporate tax rate was 25%, and Laiho pays 47.25% of its net income as dividends.
Given this information, construct the firm's 2023 income statement.
B. Construct the statement of stockholders' equity for the year ending December 31,2023, and the
2023 statement of cash flows.
C. Calculate 2022 and 2023 net operating working capital (NOWC) and 2023 free cash flow (FCF).
Assume the firm has no excess cash.
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?|
E. Assume that the firm's stock price is $22 per share, and that at year-end 2023 the firm has 10
million shares outstanding. What is the firm's MVA at year-end 2023?
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