X Download Seadshot Financial Statements Cash Flow, and Tefd065.clix a. Sales for 2021 were $466,650,000, and EBITDA 15% of sal. Furthermore, depreciation and amortization were 19% of not find assis, interest was $8,759,000, the corporate tax rate was 25%, and Laiho pays 46.25% of its net income as dividendi. Cave this information, construct the firm's 2021 income statement Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) 2021 Sales SU $ 50000 Operating costs excluding direction and amortization 396652500 EBITDA $ 69097500 Depreciation and amation 1250.3000 EBIT $ 54493600 Inst 8259000 EBT $ 48734600 12183650 Nunc $ 36550950 Common dividende $ 16904814.30 Addition to retained ning $ 19646125.62 b. Construct the statement of stockholders' equily for the year ending December 31, 2021, and the 2021 slaan al cash Now. Hunt: The /ervice clied depreciation for one year to the the virtual deportes para for the year. Laiho Industries Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Common Stock Total Stockholders Retained Earnings Equity Balance, December 31, 2020 $ 93000 $ 39843 $ Common stock 12500 2021 Net income 36550.95 Cash divided -16904.81 Addition to retained Balance, December 31, 2021 105500 $ 59480.14 Laiho Industries Statement of Cash Flows for 2021 (thousands of dollars) 2021 Operating Activities Net income $ Depreciation and amortization Inc in accounts payable Increase in accruals Increase in accountsivable Increase in invento Net cash provided by operating activiti $ Investing Activities Addition to properly, plant, and equipment $ Net casih din investing activities $ Financing Activities Inc in nallas $ Incin long- Increase in common stock Payment of common dividence Net cash provided by financing activities $ Summary MAL interest in sali $ Cash at the beginning of the year Cash at the end of the year $ c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Am the firm has no dous cash NOWC2035 thousand NOW thousand FCF025 thousand d. If Laihe increased its dividend payout ratio, what affect would this have on corporales paid? What affect would this have on las paid by the company's shareholders? If Lahe increased is dividend you to them would pay C corporate laws and the company's shareholders would pay . Assume that the firm's after-tax cost of capitalis 11.5%. What is the firm's 2021 EVA? tax on the dividends they would receive $ thousand 1. Assume that the fam's stock price is $23 per share and thalal year-end 2021 the firm has 10 milion shares standing. What is the fi' MVA at end 2021? X Download Seadshot Financial Statements Cash Flow, and Tefd065.clix a. Sales for 2021 were $466,650,000, and EBITDA 15% of sal. Furthermore, depreciation and amortization were 19% of not find assis, interest was $8,759,000, the corporate tax rate was 25%, and Laiho pays 46.25% of its net income as dividendi. Cave this information, construct the firm's 2021 income statement Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) 2021 Sales SU $ 50000 Operating costs excluding direction and amortization 396652500 EBITDA $ 69097500 Depreciation and amation 1250.3000 EBIT $ 54493600 Inst 8259000 EBT $ 48734600 12183650 Nunc $ 36550950 Common dividende $ 16904814.30 Addition to retained ning $ 19646125.62 b. Construct the statement of stockholders' equily for the year ending December 31, 2021, and the 2021 slaan al cash Now. Hunt: The /ervice clied depreciation for one year to the the virtual deportes para for the year. Laiho Industries Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Common Stock Total Stockholders Retained Earnings Equity Balance, December 31, 2020 $ 93000 $ 39843 $ Common stock 12500 2021 Net income 36550.95 Cash divided -16904.81 Addition to retained Balance, December 31, 2021 105500 $ 59480.14 Laiho Industries Statement of Cash Flows for 2021 (thousands of dollars) 2021 Operating Activities Net income $ Depreciation and amortization Inc in accounts payable Increase in accruals Increase in accountsivable Increase in invento Net cash provided by operating activiti $ Investing Activities Addition to properly, plant, and equipment $ Net casih din investing activities $ Financing Activities Inc in nallas $ Incin long- Increase in common stock Payment of common dividence Net cash provided by financing activities $ Summary MAL interest in sali $ Cash at the beginning of the year Cash at the end of the year $ c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Am the firm has no dous cash NOWC2035 thousand NOW thousand FCF025 thousand d. If Laihe increased its dividend payout ratio, what affect would this have on corporales paid? What affect would this have on las paid by the company's shareholders? If Lahe increased is dividend you to them would pay C corporate laws and the company's shareholders would pay . Assume that the firm's after-tax cost of capitalis 11.5%. What is the firm's 2021 EVA? tax on the dividends they would receive $ thousand 1. Assume that the fam's stock price is $23 per share and thalal year-end 2021 the firm has 10 milion shares standing. What is the fi' MVA at end 2021