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Please show calculations ho 2016 Glocal Inc.: December 31: Balance Sheets (Millions of Dollars) Assets 2015 Liabilities and Equity Cash and equivalents 300 350 Accounts
Please show calculations
ho 2016 Glocal Inc.: December 31: Balance Sheets (Millions of Dollars) Assets 2015 Liabilities and Equity Cash and equivalents 300 350 Accounts Payable Short-term investments 0 0 Notes Payable Accounts Receivable 600 450 Accruals Inventories 450 400 Current Liabilities Total Current Assets 1,350 1,200 Long-Term Bonds Total Liabilities Preferred stock Net Plant and Equipment 2,500 2,200 Common Stock Retained Earnings Total Common Equity Total Assets 3,850 3,400 Total Liabilities & Equity 2016 100 250 190 540 1,200 1,740 0 510 1,600 2,110 3,850 2015 370 140 140 650 1,150 1,800 0 400 1,200 1,600 3,400 Income Statement Net Sales Cost of goods sold except depreciation Depreciation Other operating expenses Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (40%) Net Income before preferred dividends Preferred dividends Net Income available to common stockholders 2016 3,000.0 1,600.0 100.0 300.0 1,000.0 180.0 820.0 328.0 492.0 0.0 492.0 2015 3,000.0 1,300.0 90.0 200.0 1,410.0 160.0 1,250.0 500.0 750.0 0.0 750.0 2016 $2,000.00 12.00% 40.00% 2015 $1,500.00 8.00% 40.00% Additional Information Stock Price WACC Tax Rate Preffered Shares Outstanding (millions) Common Shares Outstanding (millions) 5.1 4.0 Question 38 Calculate the Operating Cash Flow for 2016 700 X 592 600 500Step by Step Solution
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