Question
In: Finance
Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company:...
Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company:
|
(dollar amounts in thousands) |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Net Cash Flow from Operations |
564 |
628 |
854 |
1059 |
1345 |
1655 |
|
Interest Expense after tax |
122 |
134 |
148 |
145 |
155 |
148 |
|
Decrease (Increase) in Cash Required for Operations |
-75 |
-54 |
-48 |
-32 |
-61 |
-48 |
|
Net Cash Flow from Investing |
-287 |
-300 |
-310 |
-285 |
-294 |
-277 |
|
Net Cash from Debt Financing |
210 |
204 |
140 |
85 |
-40 |
-46 |
|
Present Value Factors (Re= 8.5%) |
0.922 |
0.849 |
0.783 |
0.722 |
0.665 |
|
|
Common Shares Outstanding in thousands |
1,512 |
Using the above information and assuming that steady-state growth in year 2017 and beyond will be 4% calculate Shady Sunglasses’ current value per share.
Use excel cell reference
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Shady Sunglasses operates retail sunglass kiosks in shopping malls. Below is information related to the company:...
Shady Sunglasses operates retail sunglass kiosks in shopping
malls. Below is information related to the company:
(dollar amounts in thousands)
2012
2013
2014
2015
2016
2017
Net Cash Flow from Operations
564
628
854
1059
1345
1655
Interest Expense after tax
122
134
148
145
155
148
Decrease (Increase) in Cash Required for Operations
-75
-54
-48
-32
-61
-48
Net Cash Flow from Investing
-287
-300
-310
-285
-294
-277
Net Cash from Debt Financing
210
204
140
85...
Allenby Ltd is a distributor of earrings to various retail outlets located in shopping malls across...
Allenby Ltd is a distributor of earrings to various retail
outlets located in shopping malls across the country. The company
operates on a financial year basis and begins its annual budgeting
process in late March when the Chief Executive Officer (CEO)
establishes targets for total sales dollars and net operating
income before taxes for the next financial year.
The sales target is given to Marketing Department, where the
Marketing manager, Ms Dory Thompson formulates a sales budget in
both units...
Shamrock Shades operates in mall kiosks throughout the southwestern United States. Shamrock purchases sunglasses from bulk...
Shamrock Shades operates in mall kiosks throughout the
southwestern United States. Shamrock purchases sunglasses from bulk
discounters and sells the sunglasses in the mall kiosks. Shamrock
is in the process of budgeting for the coming year and has
projected sales of $410,000 for January, $490,000 for February,
$650,000 for March, and $690,000 for April. Shamrock’s desired
ending inventory is 30 percent of the following month’s cost of
goods sold. Cost of goods sold is expected to be 45 percent of...
Shamrock Shades operates in mall kiosks throughout the southwestern United States. Shamrock purchases sunglasses from bulk...
Shamrock Shades
operates in mall kiosks throughout the southwestern United States.
Shamrock purchases sunglasses from bulk discounters and sells the
sunglasses in the mall kiosks. Shamrock is in the process of
budgeting for the coming year and has projected sales of $360,000
for January, $440,000 for February, $600,000 for March, and
$640,000 for April. Shamrock’s desired ending inventory is 55
percent of the following month’s cost of goods sold. Cost of goods
sold is expected to be 45 percent of...
Shopping malls typically lease retail space to a large number of clothing stores. When this group...
Shopping malls typically lease retail space to a large number of
clothing stores. When this group of retailers competes to sell
similar but not identical products, they engage in what economists
call ________.
monopolistic competition
collusion
a cartel
perfect competition
Presented below is information related to Flounder Company. Cost Retail Beginning inventory $ 62,430 $90,900 Purchases...
Presented below is information related to Flounder
Company.
Cost
Retail
Beginning inventory
$ 62,430
$90,900
Purchases (net)
113,840
183,000
Net markups
9,421
Net markdowns
26,181
Sales revenue
182,600
Compute the ending inventory at retail.
Ending inventory
$
Link to Text
Compute a cost-to-retail percentage under the following
conditions. (Round ratios to 2 decimal places, e.g.
78.74%)
Cost-to-retail percentage
(1)
Excluding both markups and markdowns.
%
(2)
Excluding markups but including markdowns.
%
(3)
Excluding markdowns but including markups.
%
(4)...
Presented below is information related to Pronghorn Company. Cost Retail Beginning inventory $ 61,600 $107,300 Purchases...
Presented below is information related to Pronghorn
Company.
Cost
Retail
Beginning inventory
$ 61,600
$107,300
Purchases (net)
120,170
180,700
Net markups
10,325
Net markdowns
26,679
Sales revenue
187,090
a) Compute ending inventory at lower-of-cost-or-market.
b) Compute cost of goods sold based on (a)
c) Compute gross margin based on (a)
Presented below is information related to Martinez Company. Cost Retail Beginning inventory $ 53,760 $107,700 Purchases...
Presented below is information related to Martinez
Company.
Cost
Retail
Beginning inventory
$ 53,760
$107,700
Purchases (net)
119,400
204,800
Net markups
9,605
Net markdowns
26,513
Sales revenue
175,600
Compute the ending inventory at retail.
Ending inventory
$
Compute a cost-to-retail percentage under the following conditions.
(Round ratios to 2 decimal places, e.g.
78.74%)
Cost-to-retail percentage
(1)
Excluding both markups and markdowns.
%
(2)
Excluding markups but including markdowns.
%
(3)
Excluding markdowns but including markups.
%
(4)
Including both markdowns...
Presented below is information related to Skysong Company. Cost Retail Beginning inventory $ 56,640 $99,900 Purchases...
Presented below is information related to Skysong
Company.
Cost
Retail
Beginning inventory
$ 56,640
$99,900
Purchases (net)
111,250
216,800
Net markups
10,119
Net markdowns
24,768
Sales revenue
173,490
Compute the ending inventory at retail.
Ending inventory
$
Compute a cost-to-retail percentage under the following
conditions. (Round ratios to 2 decimal places, e.g.
78.74%)
Cost-to-retail percentage
(1)
Excluding both markups and markdowns.
%
(2)
Excluding markups but including markdowns.
%
(3)
Excluding markdowns but including markups.
%
(4)
Including both markdowns...
Presented below is information related to Pronghorn Company. Cost Retail Beginning inventory $ 54,510 $96,300 Purchases...
Presented below is information related to Pronghorn Company.
Cost Retail Beginning inventory $ 54,510 $96,300 Purchases (net)
122,230 194,700 Net markups 9,740 Net markdowns 25,731 Sales
revenue 203,890
Compute the ending inventory at retail. Ending inventory $
Compute a cost-to-retail percentage under the following
conditions. (Round ratios to 2 decimal places, e.g. 78.74%)
Cost-to-retail percentage (1) Excluding both markups and markdowns.
% (2) Excluding markups but including markdowns. % (3) Excluding
markdowns but including markups. % (4) Including both markdowns...
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