On BeDeM Inc.'s 2023 income statement, you observe that: Sales= $212,000 Cost of Sales = $50,000 Depreciation and Amortization = $42,000 Other Income = $0 From BeDeM Inc.'s 2023 statement of cash flows, you observe that the firm distributed $39,000 as dividends to its stockholders, which was 75% of its net income in 2023. Given that the firm's operating expenses were $51,000 in 2023, and earnings are taxed at 21%. (a) Calculate the firm's EBITDA in 2023. (b) Find the firm's EBITDA/Interest Coverage ratio in 2023.
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- a. Sales for 2018 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciationand amortization were 11% of net fixed assets, interest was $8,575,000, thecorporate tax rate was 40%, and Laiho pays 40% of its net income as dividends. Giventhis information, construct the firm’s 2018 income statement.b. Construct the statement of stockholders’ equity for the year ending December 31, 2018,and the 2018 statement of cash flows.c. Calculate 2017 and 2018 net operating working capital (NOWC) and 2018 free cashflow (FCF). Assume the firm has no excess cash.d. If Laiho increased its dividend payout ratio, what effect would this have on corporatetaxes paid? What effect would this have on taxes paid by the company’s shareholders?e. Assume that the firm’s after-tax cost of capital is 10.5%. What is the firm’s 2018 EVA?f. Assume that the firm’s stock price is $22 per share and that at year-end 2018 the firmhas 10 million shares outstanding. What is the firm’s MVA at year-end 2018?Robbins Corporation reports the following information at December 31, 2020: Sales $15,000,000, Cash $3,000,000, Unearned Revenues $400,000, Dividends $1,000,000, Cost of Goods Sold $8,500,000. What is Robbins Corporation's Gross Margin?(a) Assume JPM has a Liquidity Coverage Ratio of 112%. Assume JPM's High Quality Liquid Assets total $750 billion, what is JPM's 30-day net cash outflow? What is JPM's 30-day net cash outflow? (b) At year - end, 2022, JPM total assets $3, 665,743, 000, 000 ($3.665 trillion). What fraction of total assets are risk - weighted?
- A company's sales in 2020 were $3.8 million and its total spontaneous assets were $8.7 million. Also in the same year, the firm's spontaneous liabilities consisted of $8.3 million in wages payable, $8.8 million in accounts payable, and $5.1 million in accrued expenses. The firm's profit margin is 9.7% and its dividend payout ratio is 9.1%. The balance sheet at year-end is similar in percentage of sales to that of prevlous years and this will continue in the future. Required: What is the percentage increase in sales that the company must achieve in order to avoid raising funds externally? Note: The term "k" is used to represent thousands (x $1,000). % (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)Ramsay & Bell, Inc. had sales for 2019 of $180,000, and EBITDA was 36% of sales. Furthermore, depreciation was $8,400, interest was $5,760, the corporate tax rate was 21%, and the company pays 10% of its net income as dividends. Given this information and the balance sheets below, calculate the free cash flow for 2019. $24,556 $27,056 $28,556 $30,056 None of the above is within $100 of the correct answer.For the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year were $11 million, and average asset turnover was 1.8. Average stockholders' equity was $3.1 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income b. Return on equity %
- Hartzell Inc. had the following data for 2020, in millions: Net income = $600; after-tax operating income [EBIT(1-T)] = $700; and Total assets = $1,700. Information for 2021 is as follows: Net income = $825; after-tax operating income [EBIT(1-T)] = $1,700; and Total assets = $2,250. Assume the firm had no excess cash. How much free cash flow did the firm generate during 2021? O a. $275 million O b. $2,250 million O c. $1,375 million O d. $1,150 million O e. $1,475 millionHartzell Inc. had the following data for 2020, in millions: Net income = $600; after-tax operating income [EBIT(1 - T)] = $700; and Total assets = $2,000. Information for 2021 is as follows: Net income = $825; after-tax operating income [EBIT(1 - T)] = $850; and Total assets = $2,500. Assume the firm had no excess cash. How much free cash flow did the firm generate during 2021?Suppose Torche Corporation has the following revenue and expenses for 2022: Revenues of $9,100,000 Cost of Goods Sold of $2,730,000 Depreciation Expenses of $500,000 Income Taxes of $1,672,000 Interest Expenses of $180,000 Other Expenses of $600,000 Sales, General, & Administrative Expenses of $910,000 Create an income statement with amounts in thousands What is the value of Earnings Before Interest & Taxes?
- The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,832 million shares outstanding with a share price of $94. The company's weighted-average cost of capital was about 5%. Assume a tax rate of 21%. Assets Current assets: Cash and marketable securities Accounts receivable Inventories Balance Sheet (figures in $ millions) Fiscal 2019 Other current assets Total current assets Fixed assets: Net fixed assets Other long-term assets Total assets ies and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term debt Other long-term liabilities Total liabilities Total shareholders' equity Total liabilities and shareholders' equity Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Other income/expenses Earnings before interest and taxes (EBIT) Interest expense Taxable income Tax Net income Income Statement (figures in $…Nightwish Corporation shows the following information on its 2021 income statement: Sales $336,000; Costs = $20,600; Interest expense = $14,200; Taxes = $21,275; Dividends = $21,450. In addition, you're told that the firm issued $7,100 in new equity during 2021 and redeemed $5,400 in outstanding long-term debt. $194,700; Other expenses = $9,800; Depreciation expense = %3D a. What is the 2021 operating cash flow? (Do not round intermediate calculations.) b. What is the 2021 cash flow to creditors? (Do not round intermediate calculations.) c. What is the 2021 cash flow to stockholders? (Do not round intermediate calculations.) d. If net fixed assets increased by $53,200 during the year, what was the addition to NWC? (Do not round intermediate calculations.) a. Operating cash flow b. Cash flow to creditors c. Cash flow to stockholders d. Addition to NWCThe 2021 and 2020 balance sheets for Sunset Industries are provided below. The company’s sales for 2021 were $1,320 million, and EBITDA was 15% of sales. Furthermore, depreciation amounted to 10% of net fixed assets, interest expense was $30 million, the corporate tax rate was 25%, and Sunset pays out 40% of its net income as dividends. Sunset had 25 million shares outstanding in 2021, the 12/31/21 stock price was $80 per share, and its after-tax cost of capital was 15%. Based upon this information, answer the following questions. Sunset Industries December 31 Balance Sheets (in thousands of dollars) 2021 2020 Assets Cash and cash equivalents $55,908 $44,000 Excess cash $5,992 $6,793 Accounts receivable $112,044 $92,370 Inventories $176,251 $157,488 Total current assets $350,195 $300,651 Net fixed assets $408,000 $324,000 Total assets $758,195 $624,651 Liabilities and equity Accounts payable $42,018 $30,420 Accruals $24,187 $18,981 Notes payable $38,500 $40,000 Total current…