Question

From the Income Statement, Balance Sheet, and Statement of Changes in Owners’ Equity, and Statement of Cash flows for 2017 (you prepared in Tandy #1).

Calculate (and show your work) for the following

Earnings per Share (EPS)
Dividends per share (DPS)
Book Value per Share

Net Operating Profit after Tax   (NOPAT)
         EBIT (1 - Tax rate)
Net Operating Working Capital  (NOWC)
         Current assets – (Current liabilities – Notes Payable
Net Plant and Equipment  (NFA)          
Operating Capital  (OC)
         NOWC + NFA
           

Net Cash Flow  (NCF)
Operating Cash Flow  (OCF)
Free Cash Flow  (FCF)
Cash Flow from Assets   (CFA)
Cash Flow to Debtors   (CFD)
Cash Flow to Equity Holders   (CFE)

TANDY COMPANY	Year Ending
	6/30/2017		6/30/2016		6/30/2015
Common Stock 100,000 shares outstanding	$460,000		$460,000		$460,000
Net Receivables	632,160		351,200		315,000
Cost of Goods Sold	5,528,000		2,864,000		2,706,000
Expenses	519,988		358,672		330,000
Interest Expense	136,012		43,828		42,500
Property Plant and Equipment	1,202,950		491,000		476,000
Less Accumulated Depreciation	263,160		146,200		127,300
Income Taxes (40%)	??		58,640		80,680
Cash And Cash Equivalents	7,282		57,600		37,500
Sales	6,034,000		3,432,000		3,300,000
Accounts Payable	524,160		145,600		166,000
Notes Payable	636,808		200,000		200,000
Accrued Liabilities	489,600		136,000		122,000
Depreciation Expense	116,960		18,900		19,800
Long Term Debt	723,432		323,432		323,432
Inventory	1,287,360		715,200		675,000
Dividends	11,000		22,000		22,000
Retained Earnings	32,592		203,768		104,748
Other Information
The firm had sufficient taxable income in 2016 and 2015 to obtain a full refund in 2017
Net Income for 2016	$87,960

TANDY COMPANY	Year Ending
	6/30/2017		6/30/2016		6/30/2015
Common Stock 100,000 shares outstanding	$460,000		$460,000		$460,000
Net Receivables	632,160		351,200		315,000
Cost of Goods Sold	5,528,000		2,864,000		2,706,000
Expenses	519,988		358,672		330,000
Interest Expense	136,012		43,828		42,500
Property Plant and Equipment	1,202,950		491,000		476,000
Less Accumulated Depreciation	263,160		146,200		127,300
Income Taxes (40%)	??		58,640		80,680
Cash And Cash Equivalents	7,282		57,600		37,500
Sales	6,034,000		3,432,000		3,300,000
Accounts Payable	524,160		145,600		166,000
Notes Payable	636,808		200,000		200,000
Accrued Liabilities	489,600		136,000		122,000
Depreciation Expense	116,960		18,900		19,800
Long Term Debt	723,432		323,432		323,432
Inventory	1,287,360		715,200		675,000
Dividends	11,000		22,000		22,000
Retained Earnings	32,592		203,768		104,748
Other Information
The firm had sufficient taxable income in 2016 and 2015 to obtain a full refund in 2017
Net Income for 2016	$87,960

Answer 1

Sr. No.	Particulars	2017	2016	2015
1	Earnings per share (EPS) – (b/a)	4.60	4.60	4.60
	Number of shares (a)	100000	100000	100000
	Share capital (b)	460000	460000	46000
2.	Dividends per share (DPS) – (b/a)	0.11	0.22	0.22
	Number of shares (a)	100000	100000	100000
	Dividends (b)	11000	22000	22000
3.	Book Value per share (a/ No. of shares)	4.925	6.637	5.647
	Calculation of networth
	Net Receivables	632160	351200	315000
	Property, plant & equipment	1202950	491000	476000
	(-) accumulated depreciation	263160	146200	127300
	Cash & cash equivalents	7282	57600	37500
	Inventory	1287360	715200	675000
	Current Assets	1784592	1468800	1376200
	(-) Accounts payable	524160	145600	166000
	(-) notes payables	636808	200000	200000
	(-) Accrued liabilities	489600	136000	122000
	(-) Long term debt	723432	323432	323432
	Net worth (a)	492592	663768	564768
4.	Net Operating Working Capital	770832	987200	888200
	Current assets	1784592	1468800	1376200
	(-) Current Liabilities
	Accounts payable	524160	145600	166000
	Accrued liabilities	489600	136000	122000
	(-) notes payables	636808	200000	200000
5.	Net Plant & Equipment	939790	344800	348700
	Property, plant & equipment	1202950	491000	476000
	(-) accumulated depreciation	263160	146200	127300
6.	Operating Capital (4+5)	1710622	1332000	1236900