The Mann Corporation) on mybusinesscourse. Use the Income Statement (from the problem) and the Cash Flow Statement

Calculate the Following:

EBITDA

Free cash flow

Operating funds ratio

Cash conversion ratio

THE MANN CORPORATION Consolidated Income Statement
For Year Ended ($ thousands)	2013	2012
Sales	$16,800,0000	$12,000,000
Cost of goods sold	14,000,000	10,400,000
Gross margin	2,800,000	1,600,000
Selling & administrative expenses	1,930,000	1,048,000
Depreciation expense	30,000	20,000
Income tax expense	240,000	152,000
Net income	$600,000	$380,000

CASUAL CLOTHING INC.

Consolidated Balance Sheet

12/31/2013

12/31/2012

Assets

Current assets

Cash and cash equivalents

$8,794

$7,352

Merchandise inventory

94,153

42,045

Accounts receivable (net)

25,700

17,800

Other current assets

35,103

25,393

Total current assets

163,750

92,590

Noncurrent Assets

Buildings, furniture & equipment (net)

1,826,863

1,658,990

Land

2,279,946

1,458,832

Construction in process

615,722

414,725

Intangibles (net)

9,780

6,700

Total assets

$4,896,061

$3,631,837

Liabilities & Shareholders Equity

Current liabilities

Notes payable

$779,904

$176,884

Current maturities of long-term debt

250,000

350,000

Accounts payable

167,207

185,945

Accrued expenses & other liabilities

384,209

351,710

Income taxes payable

17,824

26,263

Total current liabilities

1,599,144

1,090,802

Long-term liabilities

Long-term debt

880,216

780,925

Total liabilities

2,479,360

1,871,727

Shareholders equity

Common stock ($.05 par value)

146,961

146,961

Additional paid-in-capital

1,294,967

1,294,967

Retained earnings

974,773

318,182

Total shareholders equity

2,416,701

1,760,110

Total liabilities & shareholders equity

$4,896,061

$3,631,837

CASUAL CLOTHING INC.

Consolidated Statement of Earnings

For Year Ended 12/31/13

Net sales

$13,673,460

Costs & expenses

Cost of goods sold

8,599,442

Operating expenses

3,629,257

Interest expense (net)

62,876

12,291,575

Earnings before income taxes

1,381,885

Income taxes

504,388

Net earnings

$877,497

Cashflow from operations
Netincome	877497
Add: Depr exp	123000
amortization	2700
Merch inv	(52108)
A/R	(7900)
Other Current Assets	(9710)
A/P	(18738)
Accrued exp and other liabl	32499
income taxes payable	(8439)
cash flow from operations	938801
Cash flow from investing
N/P	603020
current matturites of long-term debt	(100000)
long term debt	99291
dividends paid	(220,906)
cash flow from financing	381405
Incr in cash	1442
Cash, beginning of year	7352
Cash, end of year	8794