Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity 2021 2020 $ 14,000 $ 12,000 35,000 30,000 34,845 29,000 $ 83,845 $ 71,000 49,000 46,000 $132,845 $117,000 Accounts payable $ 10,500 $ 9,500 Accruals 8,000 5,000 Notes payable 6.600 5,300 Total current liabilities $ 25,100 $ 19,800 Long-term bonds 20,000 20,000 Total liabilities $ 45,100 $ 39,800 Common stock (4,000 shares) Retained earnings 60,000 60,000 27,745 17,200 Common equity Total liabilities and equity $ 87,745 $ 77,200 $132,845 $117,000 Income Statement for Year Ending December 31, 2021 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (25%) Net income Dividends paid $215,000 170,000 $ 45,000 7,000 $ 38,000 700 $ 37,300 9,325.00 $27,975.00 $17,430.00 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2020 and 2021? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2020 $ 2021 $ million million b. What was Arlington's 2021 free cash flow? $ million c. Construct Arlington's 2021 statement of stockholders' equity. Statement of Stockholders' Equity, 2021 Common Stock Retained Earnings Shares Amount Balances, 12/31/20 million $ million $ million 5 Total Stockholders' Equity million 2021 Net Income million Cash Dividends million Addition to retained million earnings Balances, 12/31/21 million $ million $ million S million d. What was Arlington's 2021 EVA? Assume that its after-tax cost of capital is 10%, Round your answer to the nearest cent. $ million e. What was Arlington's MVA at year-end 2021? Assume that its stock price at December 31, 2021 was $25. Round your answer to the nearest cent. $ million
Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity 2021 2020 $ 14,000 $ 12,000 35,000 30,000 34,845 29,000 $ 83,845 $ 71,000 49,000 46,000 $132,845 $117,000 Accounts payable $ 10,500 $ 9,500 Accruals 8,000 5,000 Notes payable 6.600 5,300 Total current liabilities $ 25,100 $ 19,800 Long-term bonds 20,000 20,000 Total liabilities $ 45,100 $ 39,800 Common stock (4,000 shares) Retained earnings 60,000 60,000 27,745 17,200 Common equity Total liabilities and equity $ 87,745 $ 77,200 $132,845 $117,000 Income Statement for Year Ending December 31, 2021 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (25%) Net income Dividends paid $215,000 170,000 $ 45,000 7,000 $ 38,000 700 $ 37,300 9,325.00 $27,975.00 $17,430.00 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2020 and 2021? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2020 $ 2021 $ million million b. What was Arlington's 2021 free cash flow? $ million c. Construct Arlington's 2021 statement of stockholders' equity. Statement of Stockholders' Equity, 2021 Common Stock Retained Earnings Shares Amount Balances, 12/31/20 million $ million $ million 5 Total Stockholders' Equity million 2021 Net Income million Cash Dividends million Addition to retained million earnings Balances, 12/31/21 million $ million $ million S million d. What was Arlington's 2021 EVA? Assume that its after-tax cost of capital is 10%, Round your answer to the nearest cent. $ million e. What was Arlington's MVA at year-end 2021? Assume that its stock price at December 31, 2021 was $25. Round your answer to the nearest cent. $ million
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Daidnice oneels as of December
2021
2020
Assets
Cash and equivalents
$ 14,000
$ 12,000
Accounts receivable
Inventories
35,000
30,000
34,845
29,000
Total current assets
$ 83,845
$ 71,000
Net plant and equipment
49,000
46,000
Total assets
$132,845
$117,000
Liabilities and Equity
Accounts payable
$10,500
$9,500
Accruals
8,000
5,000
Notes payable
6,600
5,300
Total current liabilities
$ 25,100
$ 19,800
Long-term bonds
20,000
20,000
Total liabilities
$ 45,100
$ 39,800
Common stock (4,000 shares)
60,000
60.000
Retained earnings
Common equity
Total liabilities and equity
27,745
17,200
$ 87,745
$ 77,200
$132,845
$117,000
Income Statement for Year Ending December 31, 2021
Sales
$215,000
Operating costs excluding depreciation and amortization
EBITDA
170,000
$ 45,000
Depreciation & amortization
7,000
EBIT
Interest
$ 38,000
EBT
Taxes (25%)
Net income
Dividends paid
700
$ 37,300
9,325.00
$27.975.00
$17,430.00
Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary.
a. What was net operating working capital for 2020 and 2021? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes.
2020 $
2021 $
million
million
b. What was Arlington's 2021 free cash flow?
$
million
c. Construct Arlington's 2021 statement of stockholders' equity.
Statement of Stockholders' Equity, 2021
Common Stock
Retained
Earnings
Shares
Amount
Balances, 12/31/20
million
$
million $
million
S
Total Stockholders'
Equity
million
2021 Net Income
million
Cash Dividends
million
Addition to retained
million
earnings
Balances, 12/31/21
million
$
million
$
million $
million
d. What was Arlington's 2021 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent.
$
million
e. What was Arlington's MVA at year-end 2021? Assume that its stock price at December 31, 2021 was $25. Round your answer to the nearest cent.
million
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