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Solve Forecast for 2019 using the rates below, or provide the equation so i can solve for 2019 Forecast Year 2018 2019 Sales growth rate
Solve Forecast for 2019 using the rates below, or provide the equation so i can solve for 2019
Forecast Year | 2018 | 2019 |
Sales growth rate | 9.39% | 8.31% |
NOPAT margin | 9.89% | 10.49% |
Beginning net operating working/sales | 10.60% | 9.60% |
Beginning net operating long-term assets/sales | 58.10% | 57.00% |
Beginning net debt to captial ratio | 57.20% | 57.20% |
After-tax cost of debt | 1.50% | 1.70% |
Beginning Balance Sheet | ||
Beg net working capital | 23191.95 | |
+ Beg net long term assets | 127118.15 | |
= net operating assets | 150310.10 | |
Net Debt | 85977.38 | |
+Preferred stock (Assume zero for all the years) | 0.00 | |
+ Shareholders' equity | 64332.72 | |
= Net Capital | 150310.10 | |
Income Statement | ||
Sales | 218792.00 | |
Net operating profits after tax | 21645.97 | |
-Net interes expese after tax | 1289.66 | |
= Net Income | 20356.31 | |
- Preferred dividends (Assume 0 for all the years) | 0.00 | |
= Net Income to common | 20356.31 | |
Operating return on assets | 14.40% | |
Return on common equity | 31.64% | |
Book value of assets growth rate | 5.00% | |
Book value of common equity growth rate | 5.00% | |
Net operatin asset turnover | 1.46 | |
Cash Flow Data | ||
Net income | 20356.31 | |
-Change in net working capital | -23191.95 | |
-Change in net long-term assets | -127118.15 | |
+ Change in net debt | -85977.38 | |
=Free cash flow to equity | 84689.03 | |
Net operating profit after tax | 21645.97 | |
-Change in net working capital | -23191.95 | |
-change in net long term assets | -127118.15 | |
= Free cash flow to capital | 171956.07 |
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