Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 7.00

negative FCF

Balance Sheets:
  2013 2012
Cash and equivalents $100 $85
Accounts receivable 275 300
Inventories 375 250
Total current assets $750 $635
Net plant and equipment 2,300 1,490
Total assets $3,050 $2,125
     
Accounts payable $150 $85
Accruals 75 50
Notes payable 150 75
Total current liabilities $375 $210
Long-term debt 450 290
Common stock 1,225 1,225
Retained earnings 1,000 400
Total liabilities and equity $3,050 $2,125

 

Income Statements:
  2013 2012
Sales $2,700 $1,500
Operating costs excluding depreciation 1,250 1,000
EBITDA $1,450 $500
Depreciation and amortization 100 75
EBIT $1,350 $425
Interest 62 45
EBT $1,288 $380
Taxes (40%) 515 152
Net income $773 $228
     
Dividends paid $53 $48
Addition to retained earnings $600 $180
     
Shares outstanding 100 100
Price $25.00 $22.50
WACC 10.00%  

 

The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash.

Using the financial statements given above, what is Rosnan's 2013 free cash flow (FCF)? Use a minus sign to indicate a negative FCF.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 10:08 PM My Price 7.00

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