Question 2 The following are CBA Bhd.'s year end statement of financial position and statement of profit and loss for 2018 and 2019 2019 (RMT 2018 CRM Nea CA Grow Non Current 21.02201 La comated deposition SO HU Net Nu Current 361 19 Cura A Candoque 3003 1024 Acce 1024 Inics Total Current Aarts Total Auto 2.104.42 1.840.40 Non Current Liabilities Long terme 407 Total Nen Current Liabilities 410,714 1725 Currvallis Shembawa Recept 4140 Nocals 2 | Total Current abilities MI Total Lives 141.16785 Shareholders'quity Commons (100) 5 Retained coming Total Shareholdersity 19 Total Liabilities and Shareholders' Equin 2.104.4.2 Sales D) Carpassed Tulperating costs exc preciate and Depreciation and the Total operating ERIT terest EBT 2019 (RMINE CRM 2335952330. 160 L 27 2.15612 35M 14 1935 RON 10S 2677 3 7335 Netine 14 Required: Calculate the after tax operating income (1.e. after-tax EBIT) for 2018 and 2019. (5 marks) Calculate the net working capital (NWC) that is supported by non-free sources for 2018 and 2019, and the changes in NWC between these two years. (5 marks) What is free cash flow (FCF)? Calculate the FCF for 2019. In your opinion, is a negative FCF always a bad sign? Explain using an appropriate example. (5 marks) The following table relates to Stock ABC's return: Demand Company Mobily of the deman co ARClucts 15 3.175 Bew Total Current A 1840 LE Total Assets 2.1.4. Nes Current Liabilities Long term del Total Nea Current Liabilities 4000 372911 Carral Lisbiles Shitem w 1 Accountable 63631 434 104 100 Total Current Liabilities 100 M Tecal Liabilities Shareholders' Equity Commock (100.000 stane 350.000 Retained in Total ShareholdersEquity 11111 Total Lisbilities and Shareholders" 2.104.4. 2019 (RM 2018 (R.ME Sales 215.062330.60 Cost of goods 1869.32 1.45582 Oh Total operating encoding Apreciation and main 2,156,91,929.60 Depreciation and amortizati 1 Total price 2159 ERIT 141S D) Interest expense 31433 EBY 12 Thes 10 31ME Net income 3.535 195 Required: Calculate the after tax operating income (.e. after-tax EBIT) for 2018 and 2019. (5 marks) Calculate the net working capital (NWC) that is supported by non-free sources for 2018 and 2019, and the changes in NWC between these two years. (5 marks) What is free cash flow (FCF)? Calculate the FCF for 2019. In your opinion, is a negative FCF always a bad sign? Explain using an appropriate example. (5 marks) The following table relates to Stock ABC's retum: Demand the Company Probability of the demandare of the ABC's products Weal 0.15 Helow eage 0175 Average 035 Aenewage 0.175 015 1.0 Required: Calculate Stock ABC's expected return, standard deviation, and coefficient of variation (10 marks) [Total: 25 Marks
