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Please help find the answer b to e Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of
Please help find the answer b to e
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents $ 15,000 $ 12,000 Accounts receivable 35,000 30,000 Inventories 30,150 26,000 Total current assets $ 80,150 $ 68,000 Net plant and equipment 49,000 47,000 Total assets $129,150 $115,000 Liabilities and Equity Accounts payable $ 10,900 $ 9,000 Accruals 7,200 5,000 Notes payable 6,300 5,150 Total current liabilities $ 24,400 $ 19,150 Long-term bonds 15,000 15,000 Total liabilities $ 39,400 $ 34,150 Common stock (4,000 shares) 40,000 40,000 Retained earnings 49,750 40,850 Common equity $ 89,750 $ 80,850 Total liabilities and equity $129,150 $115,000 Income Statement for Year Ending December 31, 2019 Sales $247,000 Operating costs excluding depreciation and amortization 200,000 EBITDA $ 47,000 Depreciation & amortization 7,000 EBIT $ 40,000 Interest 4,400 EBT $ 35,600 Taxes (25%) 8,900.00 Net income 26,700.00 Dividends paid 17,800.00 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2018 and 2019? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2018 $ 41850 million 2019 $ 3 million b. What was Arlington's 2019 free cash flow? $0 million C. Construct Arlington's 2019 statement of stockholders' equity. Statement of Stockholders' Equity, 2019 Common Stock Retained Earnings Shares Amount Total Stockholders' Equity Balances, 12/31/18 million $ million $ million $ million 2019 Net Income million million Cash Dividends million Addition to retained earnings Balances, 12/31/19 million $ X million $ million $ d. What was Arlington's 2019 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent. million x million e. What was Arlington's MVA at year-end 2019? Assume that its stock price at December 31, 2019 was $25. Round your answer to the nearest cent. $ $ million Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents $ 15,000 $ 12,000 Accounts receivable 35,000 30,000 Inventories 30,150 26,000 Total current assets $ 80,150 $ 68,000 Net plant and equipment 49,000 47,000 Total assets $129,150 $115,000 Liabilities and Equity Accounts payable $ 10,900 $ 9,000 Accruals 7,200 5,000 Notes payable 6,300 5,150 Total current liabilities $ 24,400 $ 19,150 Long-term bonds 15,000 15,000 Total liabilities $ 39,400 $ 34,150 Common stock (4,000 shares) 40,000 40,000 Retained earnings 49,750 40,850 Common equity $ 89,750 $ 80,850 Total liabilities and equity $129,150 $115,000 Income Statement for Year Ending December 31, 2019 Sales $247,000 Operating costs excluding depreciation and amortization 200,000 EBITDA $ 47,000 Depreciation & amortization 7,000 EBIT $ 40,000 Interest 4,400 EBT $ 35,600 Taxes (25%) 8,900.00 Net income 26,700.00 Dividends paid 17,800.00 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2018 and 2019? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2018 $ 41850 million 2019 $ 3 million b. What was Arlington's 2019 free cash flow? $0 million C. Construct Arlington's 2019 statement of stockholders' equity. Statement of Stockholders' Equity, 2019 Common Stock Retained Earnings Shares Amount Total Stockholders' Equity Balances, 12/31/18 million $ million $ million $ million 2019 Net Income million million Cash Dividends million Addition to retained earnings Balances, 12/31/19 million $ X million $ million $ d. What was Arlington's 2019 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent. million x million e. What was Arlington's MVA at year-end 2019? Assume that its stock price at December 31, 2019 was $25. Round your answer to the nearest cent. $ $ millionStep by Step Solution
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