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Please show all calculations 2015 SO 140 200 390 30 400 790 40 170 500 770 1,600 Glocal Inc.: December 11: Balance Sheets (Millions of

Please show all calculations

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2015 SO 140 200 390 30 400 790 40 170 500 770 1,600 Glocal Inc.: December 11: Balance Sheets (Millions of Dollars) 2016 Assets 2016 2015 Julabilities and Equity 170 290 Cash and equivalents 300 Accounts Payable 60 Short-term investments 190 50 Notes Payable Accounts Receivable 300 130 400 Accruals Inventories 150 300 Current Liabilities 490 Total Current Assets 1,000 1,050 Long-Term Bonds 500 Total abilities 1,090 Preferred stock Net Plant and Equipment 1,000 200 550 Common Stock Retained Earnings 680 Total Common Equity 880 Total Assets 2,000 1.600 Total Liabilities & Equity 2.000 Income Statement 2016 2015 Net Sales 1,600.0 1,200.0 Cost of goods sold except depreciation 500.0 500.0 Depreciation 50.0 80.0 Other operating expenses 150.0 100.0 Earnings before interest and taxes (EBIT) 900.0 420.0 Less interest 50.0 60.0 Earnings before taxes (EBT) 850.0 360.0 Taxes (40%) 340.0 144.0 Net Income before preferred dividends 510,0 216.0 Preferred dividends 10.0 10.0 Net Income available to common stockholders 500.0 206.0 Additional Information Stock Price WACC Tax Rate Preffered Shares Outstanding millions) Common Shares Outstanding (millions) 2016 $100.00 10.00% 40.00% 3 20 2015 $90.00 12.00% 40.00% 4 17 Question 42 Calculate the Free Cash Flow for 2016 X-20 1.200 200 250 20 Question 49 What is the EVA for 2016? 376 340 x 372

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