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Prepare a capitalized cash flow valuation for OTE, using the information provided in the appendixes. Appendix OTE Inc. Statement of financial position As at December
Prepare a capitalized cash flow valuation for OTE, using the information provided in the appendixes.
Appendix OTE Inc. Statement of financial position As at December 31 2020 2019 $ 4,560 $ 12,720 29,850 1,112,457 Cash Investments Accounts receivable Income taxes receivable Inventory Prepaids 1,370,150 36,160 1,196,190 4.920 2,611,980 4,244,413 13,883 21.500 $ 6.891.776 938,945 4.920 2,098,892 2,998,749 Property, plant, and equipment Intangible assets Due from shareholder Assets 21,500 $ 5,119.141 $ $ Demand bank loan Accounts payable and accruals Warranty accrual Deferred revenue Current portion of term loan Income taxes payable 375,422 1,409,932 315,231 156,500 141,000 96,800 1,175,915 259,412 141,000 11,700 1,684,827 713,000 Term loan Other long-term loans and lease liabilities Share capital Retained earnings Liabilities and shareholder's equity 2,398,085 572,000 1,128,570 150,100 2.643.021 $ 6.891.776 150,100 2,571,214 $ 5,119,141 Appendix 1 (continued) OTE Inc. Statement of profit and loss For the year ended December 31 2020 2019 Sales Cost of sales Gross profit $ 8,959,800 5,949,648 3,010,152 $8,834,000 6,129,709 2,704,291 266,500 166,584 102,600 19,110 1,000 Expenses: Advertising and promotion Amortization Automobile Bad debts Donations Dues and fees Insurance Interest and bank charges Office Professional fees Property taxes Rent expense Repairs and maintenance Salaries and wages Travel Utilities Warranty Income before taxes Income taxes Net income 357,900 219,163 140.800 17,250 1,200 7,500 69,600 119,203 101,200 67,700 44,700 84,654 207,100 1,160,460 117,666 67,600 72,059 154,397 33,840 120,557 57,200 46,600 108,700 34,800 40,900 155,100 1,175,600 103,900 60,200 69,482 296,015 76,754 219,261Step by Step Solution
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