Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What was the WACC for Heinz at the start of fiscal year 2010? What was the WACC one year earlier? Income Statement of Heinz Balance
What was the WACC for Heinz at the start of fiscal year 2010? What was the WACC one year earlier?
Income Statement of Heinz | Balance sheet of Heinz | ||||||||
2009 | 2010 | 2009 | 2010 | ||||||
Revenue | 10,011,331 | 10,494,983 | Cash | 373,145 | 483,253 | ||||
Cost of goods sold | 6,442,075 | 6,700,677 | Net Receivable | 1,171,797 | 1,045,338 | ||||
Gross profit | 3,569,256 | 3,794,306 | Inventories | 1,237,613 | 1,249,127 | ||||
other current assets | 162,466 | 273,407 | |||||||
SG&A expenses | 2,066,810 | 2,235,078 | total current assets | 2,945,021 | 3,051,125 | ||||
Operating income | 1,502,446 | 1,559,228 | |||||||
net fixed assets | 1,978,302 | 2,091,796 | |||||||
Interest Expenses | 275,485 | 250,574 | other non current assets | 4,740,861 | 4,932,790 | ||||
Other income (expense) | 92,922 | -18,200 | total assets | 9,664,184 | 10,075,711 | ||||
Income befor taxes | 1,319,883 | 1,290,454 | |||||||
account payable | 1,113,307 | 1,129,514 | |||||||
Income taxes | 375,483 | 358,514 | short-term debt | 61,297 | 43,853 | ||||
Net income after taxes | 944,400 | 931,940 | current portion of long-term debt | 4,341 | 15,167 | ||||
other current liabilities | 883,901 | 986,825 | |||||||
Adjustments to net income | -21,328 | -67,048 | total current liabilities | 2,062,846 | 2,175,359 | ||||
Net income | 923,072 | 864,892 | |||||||
long-term debt | 5,076,186 | 4,559,152 | |||||||
Diluated EPS | 2.89 | 2.71 | other noncurrent liabilities | 1,246,047 | 1,392,704 | ||||
Dividends per share | 1.66 | 1.68 | 6,322,233 | 5,951,856 | |||||
equity | 1,279,105 | 1,948,469 | |||||||
TAX | 28.4% | 27.8% | total liabilities and equity | 9,664,184 | 10,075,711 | ||||
shares outstanding (million) | 314.86 | 317.69 | |||||||
Capital Market Data | ||||||||
Average historical yeilds | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
1 year | 1.22% | 1.55% | 3.33% | 4.98% | 4.89% | 1.85% | 0.49% | 0.41% |
5 year | 2.85% | 3.63% | 3.90% | 4.92% | 4.51% | 3.03% | 2.02% | 2.34% |
10 year | 3.89% | 4.53% | 4.21% | 5.07% | 4.63% | 3.77% | 3.16% | 3.69% |
30 year | 4.79% | 5.31% | 4.61% | 5.17% | 4.89% | 4.49% | 4.05% | 4.53% |
Moody's Aaa | 5.53% | 5.87% | 5.21% | 5.95% | 5.40% | 5.51% | 5.45% | 5.13% |
Moody's Baa | 6.65% | 6.58% | 5.97% | 6.74% | 6.31% | 6.87% | 8.24% | 6.07% |
3-months commercial paper | 1.21% | 1.08% | 2.97% | 4.90% | 5.22% | 1.91% | 0.22% | 0.24% |
Kraft | Campbell soup | Del Monte | |
Fanacial Summary | |||
Revenue ( Million) | 40,386 | 7,589 | 3,739 |
Book value of equity (Million) | 25,972 | 7280 | 1,827 |
Book value of debt (Million) | 18,990 | 2,624 | 1,290 |
Market Data | |||
Beta | 0.65 | 0.55 | 0.70 |
Shares outstanding (Milion) | 1,735 | 363 | 182 |
Share price ( dollars as of April 30,2010) | 29.9 | 35.64 | 15.11 |
Typical Standard & Poor's bond rating | BBB- | A | BB |
Represantative yeild on long-term debt | 5.12% | 4.36% | 6.19% |
please note that the face value is given by to be 1000. i need the weight of debt and equity
Step 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