Q5. Financial statements 2017 Balance Sheet MR. Gold PP&E 2018 45 Equity 50 150 158 50 45 Inventory Accounts Receivable 20 50 2018 100 60 40 20 5 15 2 13 Profit and loss MR. Gold Sales Cost of goods sold Gross margin Selling general and administrative expenses Depreciation EBIT Interest EBT Tax Net profit 25 Interest bearing debt 52 Accounts payable ? 20 25 Cash 100 Total assets 220 ? Total liabilities 220 228 ? EBIT Tax NOPLAT Depreciation Gross Operating Cashflow Increase in inventory Increase in accounts receivable Increase in accounts payable Operating Cash flow Investments in Capex Free Operating Cash Flow 15 3 12 5 17 -5 -2 5 5 15 0 15 Dividend payment ? ? ? ? Tax shield on interest Financing Cash Flow ? 0.4 ? Change in ? ? You are the corporate finance specialist hired by mister Gold. Mr. Gold is the CEO of a company operating a goldmine in South America. Mr. Gold has unfortunately spilled coffee over crucial financial statements which are given above. He asked you to reconstruct the missing items in it, which in fact you should be able to complete by looking at the other items in the provided statements. The question goes as follows: What is the amount of tax and what is the amount of net profit in the profit & loss statement: O Tax = 3; net profit = 10.4 Tax = 3; net profit = 10 Tax = 2.6; net profit = 10.4 Tax = 0; net profit = 13 Q6. Financial statements What is the dividend payment (we understand that your solution requirers you to have calculated the correct net profit in question 5), and what is the financing cash flow? Dividend payment = 5.6; financing cash flow = 12.0 Dividend payment = 3.4; financing cash flow = 10.0 Dividend payment = 2.4; financing cash flow = 9.0 Dividend payment = 4.4; financing cash flow = 11.0 Q7. Financial statements The change in cash is (we understand that this question requirers you to have calculated the correct financing cash flow in question 6): 5 8 7 6