The 2009 balance sheet of Anna's Tennis Shop, Inc., showed $430,000 in the common stock account and $2.6 million in the additional paid-in-surplus account. The 2010 balance sheet showed $450,000 and $3.05 million in the same two accounts, respectively. Suppose you also know that the firm's net capital spending for 2010 was $875,000 and that the firm reduced its net working capital investment by $69,000. What was the firm's 2010 operating cash flow?

Soenen Inc. had the following data for 2012 (in millions).  The new CFO believes that the company could improve its working capital management sufficiently to bring its net working capital and cash conversion cycle up to the benchmark companies' level without affecting either sales or the costs of goods sold.  Soenen finances its net working capital with a bank loan at an 8% annual interest rate, and it uses a 365-day year.  If these changes had been made, by how much would the firm's pre-tax income have increased?     Original     Data Related CCC Benchmarks' CCC Sales $108,000     Cost of goods sold $80,000     Inventory (ICP) $20,000 91.25 38.00 Receivables (DSO) $16,000 54.07 20.00 Payables (PDP) $5,000 22.81 30.00     122.51 28.00

Goldilochs Inc. reported sales of $8 million and net income of $1.5 million. The firm has $10.5 million in total assets and $1 million in current liabilities. The firm currently pays out 75 percent of its net income to shareholders. Assume that all assets and current liabilities are expected to grow with sales. If Goldilochs does not want to rely on any external sources of funds, what is the most sales can grow (in chars)? $187,900 $299,900 $328,800 $364,100

Lauryn’s Doll Co. had EBIT last year of $47 million, which is net of a depreciation expense of $4.7 million. In addition, Lauryn’s made $7.25 million in capital expenditures and increased net working capital by $2.8 million. Assume that Lauryn’s has a reported equity beta of 1.5, a debt-to-equity ratio of .5, and a tax rate of 21 percent. What is Lauryn’s FCF for the year?(Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Home Depot entered fiscal 2017 with a total capitalization of $21,907 million. In 2017, debt investors received an interest income of $878 million. Net income to shareholders was $8,657 million. (Assume a tax rate of 21%.)   Calculate the economic value-added assuming its cost of capital is 10%

The Malia Corporation had sales in 2015 of $65 million, total assets of $42 million, and total liabilities of $20 million. The interest rate on the company's debt is 6 percent, and its tax rate is 30 percent. The operating profit margin was 12 percent. What were the company's operating profits and net income? What was the operating return on assets and return on equity? Assume that interest must be paid on all of the debt.

At the end of its fiscal year 2012, the Coca-Cola Company (KO) has earnings per share of $2.48 and dividends per share of $1.76. The total depreciation amounts to $1,260 million and capital expenditure amounts to $1,484 million. The company has a debt ratio (total long-term debt to total assets) of 40.41%. The company plans to keep the same debt ratio while raising additional capital through debt to finance new investment for capital expenditure. The company has 4,324.3 million shares outstanding in the market. Assume that the risk-free rate of return stands at 4.57%, market risk premium stands at 5.86%, and the beta of the company is 0.70.   a. Calculate FCFE per share.

You are considering an investment in Fields and Struthers, Inc., and want to evaluate the firm's free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $64 million, had a tax rate of 30 percent, and its depreciation expense was $5 million. Fields and Struthers' gross fixed assets increased by $30 million from 2014 and 2015. The firm's current assets increased by $26 million and spontaneous current liabilities increased by $15 million. a. Calculate Fields and Struthers' operating cash flow for 2015. b. Calculate Fields and Struthers' investment in operating capital for 2015. c. Calculate Fields and Struthers' free cash flow for 2015.

Last year, Morrison Tech Inc. had a Return on Assets (ROA) of 9%, a profit margin of 13.5%, and sales of $28 million. Calculate Morrison Tech's total assets. (Enter your answer in millions.)

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