Using the info in the example below, please explain how to get the 2009 & 2010 numbers in the Statement of Retained Returns, Statement of Cash Flows, Free Cash Flows, ROIC, EVA and MVA.

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PRACTICE PROBLEM Statement of Retained Earnings 2009 2010 INCOME STATEMENT Opening balance of RE 900,000 2009 2010 Add, Net Income 356,400 Sales 3600000 Less, Dividend -139,50 Cost of goods sold 250000 = Closing Balance of RE 1, 116,900 Other Expenses 2000 Depreciation 270000 Statement of Cash Flows 2009 2010 Total Operating Costs EBIT A 2862000 738000 Op. Balance 36,00 Interest Expense 144000 Operating Activities EBT 594000 Net Income 356,400 Tax (40 %) 237600 Add, Depreciation 270,000 Net Income 35640 Less, Increase in AR -54,000 Less, Increase in Inv 108,000 BALANCE SHEET Add, Increase in AP 10,800 Assets Add, Increase in Accruals 27,000 502,200 Cash 36000 43200 Investing Activities Short-Term Investments 90000 Less, Cash used to acquire fixed assets -675,000 Accounts Receivables 360000 414000 Less, Increase in ST Investments -675,000 Inventories 720000 828000 Financing Activities Total CA 1206000 1375200 Net FA 2700000 3105000 Add, Increase in Notes Payable Total Assets 3906000 4480200 Add, Increase in LT Debt 319,500 Add, Increase in Common Stock Financed by: Less, Dividend Payments -139,500 180,000 Accounts Payable 72000 82800 Closing Balance 43,200 Notes Payable 180000 180000 Accruals 180000 20700 Free Cash Flows Total Current Liabilities 43200 46980 2009 2010 Long-term debt 1350000 66950 NOP/ PAT 442,8 Common Stock 122400 Operating Capital Retained Earnings 111690 000006 CA exclusing ST Investments |1, 116, 000 1,285, 200 Total Equity 2124000 2340900 -- CL exclusind Notes Payable -252, 000 -289, 800 Total Liabilities and Equity 3906000 4480200 Net Fixed Assets 2, 700, 000 3, 105, 000 Total Operating Capital 3,564, 000 4, 100, 400 Stock Market Information Less, Increase in Oper. Capital -536,400 Stock Price 50 50 No. of shares 20000 2000 Free Cash Flow -93,600 Dividend per share ($) 6.975 WACC (%) 10% ROIC = NOPAT/Operating Capital 10.80% 139,500.00 EVA = NOPAT - (WACC*OP. Cap) 32,760 Market Value of Equity 1,000,000 Less,Book Value of Equity 2,340,900 Market Value Added (MVA) -1,340,900