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The following are the Condensed Financial Statements for Akil Inc. for 2022 (actual). Select Financial Statement Information Balance Sheet 2022 Net Operating Working Capital 2,500
The following are the Condensed Financial Statements for Akil Inc. for 2022 (actual).
Balance Sheet | 2022 |
---|---|
Net Operating Working Capital | 2,500 |
Net Long-Term Operating Assets | 7,000 |
Net Operating Assets | 9,500 |
Net Financing Liabilities | 3,000 |
Common Shareholders Equity | 6,500 |
Net Debt & Equity (or Net Capital) | 9,500 |
Income Statement | 2022 |
Net Sales | 40,000 |
Net Operating Profits after tax | 2,750 |
Net Interest Expense after tax | 170 |
Net Income | 2,580 |
2023 | 2024 | 2025 | 2026 | 2027 | Thereafter | |
---|---|---|---|---|---|---|
Sales Growth | 10% | 10% | 8% | 6% | 6% | 6% |
Gross Margin | 19.5% | 19.5% | 19.0% | 19.0% | 19.0% | 19.0% |
NOPAT margin (PM) | 6.5% | 6.5% | 6.5% | 5.5% | 5.5% | 5.5% |
Current Ratio | 2.1 | 2 | 2 | 2 | 1.9 | 1.9 |
ATO | 4.5 | 4.5 | 4.4 | 4.4 | 4.4 | 4.4 |
Operating LT Assets/Sales | 15.0% | 15.0% | 15.0% | 14.5% | 14.0% | 14.0% |
Net Debt/Capital | 33.0% | 33.0% | 31.0% | 31.0% | 31.0% | 31.0% |
After Tax Cost of Debt | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% |
Tax Rate | 24.0% | 24.0% | 24.0% | 24.0% | 24.0% | 24.0% |
Using the above information, forecast SALES, NOPAT, and NOA for 2023 through 2027 (and thereafter for Sales).
Check figure: 2023 NOA = $10,756
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