Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Urgently needed! 67.165 Costco Industries 2007 and 2008 balance sheets (in thousands of dollars) are shown. (000's) 2008 Cach $102,850 Accounts receivable 103.365 Inventories 38.444
Urgently needed!
67.165 Costco Industries 2007 and 2008 balance sheets (in thousands of dollars) are shown. (000's) 2008 Cach $102,850 Accounts receivable 103.365 Inventories 38.444 Total current assets $244659 Net fixed assets Total assets $311824 Accounts payable $ 30,761 Accruals 30,477 Notes payable 16.717 Total current liabilities 577,955 Long-term debe 76.264 Total liabilities $154.219 Common stock 100,000 Retained earnings 57.605 Total common equity $157,605 Total liabilities and equity $311824 (000's) 2007 $ 89,725 85.527 34982 5210234 42436 5252.670 5 23,109 22.656 14217 5 59.982 63.914 $123,896 90,000 38.774 $128.774 $252679 Costs excluding depreciation and amortization were 85% of sales. Depreciation and amortization were $7,388 TIE = 7.1% BEP 19,52%. The corporate tax rate was 40% The firm's Net Income is $31,386 Costco pays 40% of its net income in dividends. a. Calculate the firm's Sales for the year 2008 b. Calculate the following for the year 2008: Changes in accounts payable, accruals, accounts receivable, inventories, notes payable. ii. Increase in long-term debt and increase in common stock Payment of common dividends. c. Use the information from part (b) and construct the statement of cash flows for 2008. Cash used to acquire fixed assets in 2008 was $32,117,000. d. Calculate and analyze the firm's NOPAT for the year 2008. 67.165 Costco Industries 2007 and 2008 balance sheets (in thousands of dollars) are shown. (000's) 2008 Cach $102,850 Accounts receivable 103.365 Inventories 38.444 Total current assets $244659 Net fixed assets Total assets $311824 Accounts payable $ 30,761 Accruals 30,477 Notes payable 16.717 Total current liabilities 577,955 Long-term debe 76.264 Total liabilities $154.219 Common stock 100,000 Retained earnings 57.605 Total common equity $157,605 Total liabilities and equity $311824 (000's) 2007 $ 89,725 85.527 34982 5210234 42436 5252.670 5 23,109 22.656 14217 5 59.982 63.914 $123,896 90,000 38.774 $128.774 $252679 Costs excluding depreciation and amortization were 85% of sales. Depreciation and amortization were $7,388 TIE = 7.1% BEP 19,52%. The corporate tax rate was 40% The firm's Net Income is $31,386 Costco pays 40% of its net income in dividends. a. Calculate the firm's Sales for the year 2008 b. Calculate the following for the year 2008: Changes in accounts payable, accruals, accounts receivable, inventories, notes payable. ii. Increase in long-term debt and increase in common stock Payment of common dividends. c. Use the information from part (b) and construct the statement of cash flows for 2008. Cash used to acquire fixed assets in 2008 was $32,117,000. d. Calculate and analyze the firm's NOPAT for the year 2008Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started