Question 12 (3 points) FY 2021 Good Beverage Co Income Statement & Balance Sheet (5 millions) FY 2020 Revenue 27.580 Cost of Goods Sold 20.125 SG&A 4,956 Depreciation Expense 1024 EBIT 1,475 Interest Expense 502 973 Earnings Before Taxes 385 Taxes Net Income 588 Assets Cash Other Current Assets Total Current Assets Net Property & Equipment Goodwill LANDS 920 2.781 3,701 9,372 688 1270 688 EDI Interest Expense Earnings Before Taxes Taxes Net Income 1,4701 502 973 3851 588 920 2.781 3,701 9,372 688 13,761 688 Assets Cash Other Current Assets Total Current Assets Net Property & Equipment Goodwill Total Assets Liabilities & Stockholders' Equity Short-Term Debt Accounts Payable Total Current Liabilities Other Liabilities Long-Term Debt Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 700 6251 627 2.535 3,162 519 4,194 7.875 1.192 4,694 5.886 13761 1.1921 2.781 3,701 9,372 688 13,761 688 700 Other Current Assets Total Current Assets Net Property & Equipment Goodwill Total Assets Liabilities & Stockholders' Equity Short-Term Debt Accounts Payable Total Current Liabilities Other Liabilities Long-Term Debt Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 625 627 2,535 3,162 519 4,194 7.875 1.192 4,694 5,886 13,761 1,192 Using the information in the financial statements of Good Beverage Co. above, and the assumptions below, forecast the financial statements for Year 2021 and then answer the questions that follow: Assumptions: - Sales growth is expected to be 30% for Year 2021 Using the information in the financial statements of Good Beverage Co. above, and the assumptions below, forecast the financial statements for Year 2021 and then answer the questions that follow: Assumptions: Sales growth is expected to be 30% for Year 2021 -Complete the FS using Percentage of Sales method from Year 2020 - Depreciation rate is 15% Total Debt (Long-term and Short-term) for Year 2019 was $ 4313 million - Assume no dividends - Total CAPEX for Year 2021 is $1580 million Tax rate is the same as Year 2020 Use Long Term Debt as Plug Variable 1. EBIT for Year 2021 is? (Select from option A, B or C) 2. Net Property. Plant and Equipment (PPE) for Year 2021 is? (Select from option D, E or F) 3. FCF for Year 2021 is? (Select from option G, H or I) (Answer should be correct to two decimal places) 1. EBIT for Year 2021 is? (Select from option A, B or C) 2. Net Property, Plant and Equipment (PPE) for Year 2021 is? (Select from option D, E or F) 3. FCF for Year 2021 is? (Select from option G, H or 1) (Answer should be correct to two decimal places) Select 3 correct answers) OA) EBIT for Year 2021 is $1605.90 B) EBIT for Year 2021 is $1625.90 U C) EBIT for Year 2021 is $1645.90 D) Net Property, plant and Equipment (PPE) for Year 2021 is $9309.20 E) Net Property. Plant and Equipment (PPE) for Year 2021 is $9409.20 F) Net Property. Plant and Equipment (PPE) for Year 2021 is $9509.20 0107 C) EBIT for Year 2021 is $1645.90 OD) Net Property, Plant and Equipment (PPE) for Year 2021 is $9309.20 E) Net Property, Plant and Equipment (PPE) for Year 2021 is $9409.20 OF) Net Property, Plant and Equipment (PPE) for Year 2021 is $9509.20 G) FCF for Year 2021 is $ 919.47 H) FCF for Year 2021 is $ 939.47 1) FCF for Year 2021 is $ 959.47 Question 12 (3 points) FY 2021 Good Beverage Co Income Statement & Balance Sheet (5 millions) FY 2020 Revenue 27.580 Cost of Goods Sold 20.125 SG&A 4,956 Depreciation Expense 1024 EBIT 1,475 Interest Expense 502 973 Earnings Before Taxes 385 Taxes Net Income 588 Assets Cash Other Current Assets Total Current Assets Net Property & Equipment Goodwill LANDS 920 2.781 3,701 9,372 688 1270 688 EDI Interest Expense Earnings Before Taxes Taxes Net Income 1,4701 502 973 3851 588 920 2.781 3,701 9,372 688 13,761 688 Assets Cash Other Current Assets Total Current Assets Net Property & Equipment Goodwill Total Assets Liabilities & Stockholders' Equity Short-Term Debt Accounts Payable Total Current Liabilities Other Liabilities Long-Term Debt Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity 700 6251 627 2.535 3,162 519 4,194 7.875 1.192 4,694 5.886 13761 1.1921 2.781 3,701 9,372 688 13,761 688 700 Other Current Assets Total Current Assets Net Property & Equipment Goodwill Total Assets Liabilities & Stockholders' Equity Short-Term Debt Accounts Payable Total Current Liabilities Other Liabilities Long-Term Debt Total Liabilities Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 625 627 2,535 3,162 519 4,194 7.875 1.192 4,694 5,886 13,761 1,192 Using the information in the financial statements of Good Beverage Co. above, and the assumptions below, forecast the financial statements for Year 2021 and then answer the questions that follow: Assumptions: - Sales growth is expected to be 30% for Year 2021 Using the information in the financial statements of Good Beverage Co. above, and the assumptions below, forecast the financial statements for Year 2021 and then answer the questions that follow: Assumptions: Sales growth is expected to be 30% for Year 2021 -Complete the FS using Percentage of Sales method from Year 2020 - Depreciation rate is 15% Total Debt (Long-term and Short-term) for Year 2019 was $ 4313 million - Assume no dividends - Total CAPEX for Year 2021 is $1580 million Tax rate is the same as Year 2020 Use Long Term Debt as Plug Variable 1. EBIT for Year 2021 is? (Select from option A, B or C) 2. Net Property. Plant and Equipment (PPE) for Year 2021 is? (Select from option D, E or F) 3. FCF for Year 2021 is? (Select from option G, H or I) (Answer should be correct to two decimal places) 1. EBIT for Year 2021 is? (Select from option A, B or C) 2. Net Property, Plant and Equipment (PPE) for Year 2021 is? (Select from option D, E or F) 3. FCF for Year 2021 is? (Select from option G, H or 1) (Answer should be correct to two decimal places) Select 3 correct answers) OA) EBIT for Year 2021 is $1605.90 B) EBIT for Year 2021 is $1625.90 U C) EBIT for Year 2021 is $1645.90 D) Net Property, plant and Equipment (PPE) for Year 2021 is $9309.20 E) Net Property. Plant and Equipment (PPE) for Year 2021 is $9409.20 F) Net Property. Plant and Equipment (PPE) for Year 2021 is $9509.20 0107 C) EBIT for Year 2021 is $1645.90 OD) Net Property, Plant and Equipment (PPE) for Year 2021 is $9309.20 E) Net Property, Plant and Equipment (PPE) for Year 2021 is $9409.20 OF) Net Property, Plant and Equipment (PPE) for Year 2021 is $9509.20 G) FCF for Year 2021 is $ 919.47 H) FCF for Year 2021 is $ 939.47 1) FCF for Year 2021 is $ 959.47