Use the following information to answer questions 1 - 8Consider the following abbreviated financial statementsfor Xinghua: XINGHUA 2014 and 2015 Partial BalanceSheets Assets Liabilities and Owners Equity2014 2015 2014 2015 Current assets $ 924 $ 1,002Current liabilities $ 370 $ 428 Net fixed assets3,917 4,556 Long-term debt 2, 006 2, 142 Equity2,465 2,988 XINGHUA 2015 Income Statement Sales $11,295 Costs 5,535 Depreciation 1,020 Interest paid180 The tax rate is 35%. Long term debt trades at128% of par. The firm has 500 shares outstanding. FreeCash Flow to the Firm and the Free Cash Flow to Equityare both expected to grow at 2% forever. The weightedaverage cost of capital is 16%. The cost of equity is24%.1. What is the change in net working capital for2015? $ 2. What is the change in gross fixedassets, i. e. capital expenditures, for 2015? $_What is the Net Income for 2015? $3.4. What isthe Free Cash Flow to the Firm for 2015? $What is the Value of the Firm (Assets)? $5.6. Whatis the stock price per share using the discounted FCFFvaluation? $ 7. What is the Free Cash Flow toEquity for 2015? $8. What is the stock price pershare using the discounted FCFE valuation?

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Description: Use the following information to answer questions 1 - 8Consider the following abbreviated financial statementsfor Xinghua: XINGHUA 2014 and 2015 Partial BalanceSheets Assets Liabilities and Owners Equity2014 2015 2014 2015 Current assets $ 924 $ 1,0

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Use the following information to answer questions 1-8 Consider the following abbreviated financial statements for Xinghua: XINGHUA 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets $ 924 $ 1,002 Current liabilitios $ 270 Ċ 128 Not fixed accotc

Use the following information to answer questions 1-8 Consider the following abbreviated financial statements for Xinghua: XINGHUA 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets $ 924 $ 1,002 Current liabilitios $ 270 Ċ 128 Not fixed accotc

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 105.4C

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