In: Finance
Balance Sheets as of December 31 | |||
2019 | 2018 | ||
Assets | |||
Cash and equivalents | $ 13,000 | $ 11,000 | |
Accounts receivable | 30,000 | 25,000 | |
Inventories | 28,095 | 24,000 | |
Total current assets | $ 71,095 | $ 60,000 | |
Net plant and equipment | 54,000 | 49,000 | |
Total assets | $125,095 | $109,000 | |
Liabilities and Equity | |||
Accounts payable | $ 10,800 | $ 8,500 | |
Accruals | 7,400 | 5,000 | |
Notes payable | 6,500 | 5,050 | |
Total current liabilities | $ 24,700 | $ 18,550 | |
Long-term bonds | 15,000 | 15,000 | |
Total liabilities | $ 39,700 | $ 33,550 | |
Common stock (4,000 shares) | 60,000 | 60,000 | |
Retained earnings | 25,395 | 15,450 | |
Common equity | $ 85,395 | $ 75,450 | |
Total liabilities and equity | $125,095 | $109,000 |
Income Statement for Year Ending December 31, 2019 | |
Sales | $229,000 |
Operating costs excluding depreciation and amortization | 180,000 |
EBITDA | $ 49,000 |
Depreciation & amortization | 8,000 |
EBIT | $ 41,000 |
Interest | 2,700 |
EBT | $ 38,300 |
Taxes (25%) | 9,575.00 |
Net income | $ 28,725.00 |
Dividends paid | 18,780.00 |
What was net operating working capital for 2018 and 2019? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes.
2018 | $ ____million |
2019 | $ ___million |
What was Arlington's 2019 free cash flow?
$ _____million
Construct Arlington's 2019 statement of stockholders' equity.
Statement of Stockholders' Equity, 2019 | |||||
Common Stock | Retained Earnings |
Total Stockholders' Equity |
|||
Shares | Amount | ||||
Balances, 12/31/18 | ______ million | $ _______ million | $ ______ million | $ _____ million | |
2019 Net Income | _____ million | ||||
Cash Dividends | _____ million | ||||
Addition to retained earnings | _____ million | ||||
Balances, 12/31/19 | _____million | $_____ million | $_____ million | $_____million |
What was Arlington's 2019 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent.
$ _______million
What was Arlington's MVA at year-end 2019? Assume that its stock price at December 31, 2019 was $25. Round your answer to the nearest cent.
$______ million