Consider recent financials for Ellie's Essentials LLC: Balance Sheet Current Assets Net PPE Total Assets Current Liabilities Long-term debt Total Liabilities Shareholder Equity Liabilities and Equity Income Statement SALES COGS GROSS PROFIT S&A Depreciation EBIT INTEREST EBT TAXES (40.00%) NET INCOME Submit 2020 $11,248.00 $31,000.00 $42,248.00 Answar format: Currency Round to: 2 decimal places $8,512.00 $13,033.00 $21,545.00 $20,703.00 $42,248.00 Estimate the firm's price per share using the discounted cash flow model. 2020 $11,000.00 $4,400.00 $6,600.00 $1,100.00 $550.00 $4,950.00 $1,272.00 $3,678.00 $1,471.20 $2,206.80 2019 $10,000.00 $30,000.00 $40,000.00 $8,000.00 $12,000.00 $20,000.00 $20,000.00 $40,000.00 Going forward, analysts have forecasted the following free cash flows: $2,600.00 in 2021, and $2,600.00 in 2022. After that point, analysts expect free cash flows to grow at 3.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 9.00%. 2019 $10,000.00 $4,000.00 $6,000.00 $1,000.00 $500.00 $4,500.00 $1,200.00 $3,300.00 $1,320.00 $1,980.00 unanswered not_submitted Attempts Remaining: Infinity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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#6
Consider recent financials for Ellie's Essentials LLC:
Balance Sheet
Current Assets
Net PPE
Total Assets
Current Liabilities
Long-term debt
Total Liabilities
Shareholder Equity
Liabilities and Equity
Income Statement
SALES
COGS
GROSS PROFIT
S&A
Depreciation
EBIT
INTEREST
EBT
TAXES (40.00%)
NET INCOME
Submit
2020
$11,248.00
$31,000.00
$42,248.00
Answer format: Currency: Round to: 2 decimal places.
$8,512.00
$13,033.00
$21,545.00
$20,703.00
$42,248.00
Estimate the firm's price per share using the discounted cash flow model.
2020
$11,000.00
$4,400.00
$6,600.00
$1,100.00
$550.00
$4,950.00
$1,272.00
$3,678.00
$1,471.20
$2,206.80
2019
$10,000.00
$30,000.00
$40,000.00
$8,000.00
$12,000.00
$20,000.00
$20,000.00
$40,000.00
2019
Going forward, analysts have forecasted the following free cash flows: $2,600.00 in 2021, and $2,600.00 in 2022.
After that point, analysts expect free cash flows to grow at 3.00%. The firm has no short-term debt or preferred
stock, and there are 1,000 shares outstanding. The firm's cost of capital is 9.00%.
$10,000.00
$4,000.00
$6,000.00
$1,000.00
$500.00
$4,500.00
$1,200.00
$3,300.00
$1,320.00
$1,980.00
unanswered
not submitted
Attempts Remaining: Infinity
Transcribed Image Text:#6 Consider recent financials for Ellie's Essentials LLC: Balance Sheet Current Assets Net PPE Total Assets Current Liabilities Long-term debt Total Liabilities Shareholder Equity Liabilities and Equity Income Statement SALES COGS GROSS PROFIT S&A Depreciation EBIT INTEREST EBT TAXES (40.00%) NET INCOME Submit 2020 $11,248.00 $31,000.00 $42,248.00 Answer format: Currency: Round to: 2 decimal places. $8,512.00 $13,033.00 $21,545.00 $20,703.00 $42,248.00 Estimate the firm's price per share using the discounted cash flow model. 2020 $11,000.00 $4,400.00 $6,600.00 $1,100.00 $550.00 $4,950.00 $1,272.00 $3,678.00 $1,471.20 $2,206.80 2019 $10,000.00 $30,000.00 $40,000.00 $8,000.00 $12,000.00 $20,000.00 $20,000.00 $40,000.00 2019 Going forward, analysts have forecasted the following free cash flows: $2,600.00 in 2021, and $2,600.00 in 2022. After that point, analysts expect free cash flows to grow at 3.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 9.00%. $10,000.00 $4,000.00 $6,000.00 $1,000.00 $500.00 $4,500.00 $1,200.00 $3,300.00 $1,320.00 $1,980.00 unanswered not submitted Attempts Remaining: Infinity
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