NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2021 P3,600.0 P3,000.0 3.060.0 2.550.0 P 540.0 2022 Sales Operating costs (excluding depreciation and amortization) E BITDA P 450.0 Deprecation and amortization E arnings before interest and taxes Interest E arnings before taxes Taxes (40%) Net income available to common stockholders 90.0 75.0 P 450.0 P 375.0 65.0 60.0 P 385.0 P 315.0 154.0 126.0 P 231.0 P 189.0 P 13.2 Common dividends P 181.5 NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: P 36.0 540.0 540.0 P1,116.0 900.0 P2,016.0 P 30.0 450.0 600.0 P1,080.0 750.0 P1.830.0 Cash and marketable securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and equity: P 324.0 201.0 216.0 P 741.0 450.0 P1,191.0 150.0 P 270.0 155.0 180.0 P 605.0 450.0 P1,055.0 150.0 625.0 P 775.0 P1.830.0 Accounts payable Notes payable Accruals Total current lia bilities Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total liabilities and equity 675.0 P 825.0 P2.016.0
NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2021 P3,600.0 P3,000.0 3.060.0 2.550.0 P 540.0 2022 Sales Operating costs (excluding depreciation and amortization) E BITDA P 450.0 Deprecation and amortization E arnings before interest and taxes Interest E arnings before taxes Taxes (40%) Net income available to common stockholders 90.0 75.0 P 450.0 P 375.0 65.0 60.0 P 385.0 P 315.0 154.0 126.0 P 231.0 P 189.0 P 13.2 Common dividends P 181.5 NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: P 36.0 540.0 540.0 P1,116.0 900.0 P2,016.0 P 30.0 450.0 600.0 P1,080.0 750.0 P1.830.0 Cash and marketable securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and equity: P 324.0 201.0 216.0 P 741.0 450.0 P1,191.0 150.0 P 270.0 155.0 180.0 P 605.0 450.0 P1,055.0 150.0 625.0 P 775.0 P1.830.0 Accounts payable Notes payable Accruals Total current lia bilities Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total liabilities and equity 675.0 P 825.0 P2.016.0
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
What is National Co.’s free cash flow for 2022?
![NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31
(MILLIONS OF PHP)
2021
P3,600.0 P3,000.0
3.060.0
2022
Sales
Operating costs (excluding depreciation and amortization)
É BITDA
Depreciation and amortization
E arnings before interest and taxes
2.550.0
P 540.0
P 450.0
75.0
90.0
P 450.0
P 375.0
60.0
65.0
P 385.0
Interest
E arnings before taxes
Taxes (40%)
Net income available to common stockholders
P 315.0
126.0
P 231.0 P 189.0
P 181.5
154.0
Common dividends
P 13.2
NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31
(MILLIONS OF PHP)
2022
2021
Assets:
Cash and marketable securities
Accounts receivable
Inventories
Total current assets
P 36.0
540.0
540.0
P1,116.0
900.0
P2.016.0
P 30.0
450.0
600.0
P1,080.0
750.0
P1.830.0
Net plant and equipment
Total assets
Liabilities and equity:
Accounts payable
Notes payable
Accruals
Total current lia bilities
P 324.0
P 270.0
155.0
180.0
P 605.0
450.0
P1,055.0
150.0
625.0
P 775.0
P1.830.0
201.0
216.0
P 741.0
450.0
P1,191.0
150.0
675.0
P 825.0
P2.016.0
Long-term bonds
Total debt
Common stock (50 million shares)
Retained earnings
Total com mon equity
Total liabilities and equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5b3678fe-f517-49ea-a082-7b7f02381f6c%2F8864d6d0-a710-4bc7-8bdf-7f4b0c06b3f4%2Ffvri15_processed.jpeg&w=3840&q=75)
Transcribed Image Text:NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31
(MILLIONS OF PHP)
2021
P3,600.0 P3,000.0
3.060.0
2022
Sales
Operating costs (excluding depreciation and amortization)
É BITDA
Depreciation and amortization
E arnings before interest and taxes
2.550.0
P 540.0
P 450.0
75.0
90.0
P 450.0
P 375.0
60.0
65.0
P 385.0
Interest
E arnings before taxes
Taxes (40%)
Net income available to common stockholders
P 315.0
126.0
P 231.0 P 189.0
P 181.5
154.0
Common dividends
P 13.2
NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31
(MILLIONS OF PHP)
2022
2021
Assets:
Cash and marketable securities
Accounts receivable
Inventories
Total current assets
P 36.0
540.0
540.0
P1,116.0
900.0
P2.016.0
P 30.0
450.0
600.0
P1,080.0
750.0
P1.830.0
Net plant and equipment
Total assets
Liabilities and equity:
Accounts payable
Notes payable
Accruals
Total current lia bilities
P 324.0
P 270.0
155.0
180.0
P 605.0
450.0
P1,055.0
150.0
625.0
P 775.0
P1.830.0
201.0
216.0
P 741.0
450.0
P1,191.0
150.0
675.0
P 825.0
P2.016.0
Long-term bonds
Total debt
Common stock (50 million shares)
Retained earnings
Total com mon equity
Total liabilities and equity
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Essentials Of Investments](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781260013924/9781260013924_smallCoverImage.jpg)
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
![FUNDAMENTALS OF CORPORATE FINANCE](https://www.bartleby.com/isbn_cover_images/9781260013962/9781260013962_smallCoverImage.gif)
![Financial Management: Theory & Practice](https://www.bartleby.com/isbn_cover_images/9781337909730/9781337909730_smallCoverImage.gif)
![Foundations Of Finance](https://www.bartleby.com/isbn_cover_images/9780134897264/9780134897264_smallCoverImage.gif)
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
![Fundamentals of Financial Management (MindTap Cou…](https://www.bartleby.com/isbn_cover_images/9781337395250/9781337395250_smallCoverImage.gif)
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
![Corporate Finance (The Mcgraw-hill/Irwin Series i…](https://www.bartleby.com/isbn_cover_images/9780077861759/9780077861759_smallCoverImage.gif)
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education