For the following Financial statements, assume that COGS is always 80% of Sales and taxes are always 40% of EBT.

For the following Financial statements, assume that COGS is always 80% of Sales and taxes are always 40% of EBT.

 Year                                                    2013                        2014                        2015                        2016

Net Working Capital                         1000                        1100                        1200                         1300

Net Fixed Assets                                1500                                                         1780                       

Long Term Debt                                   500                          670                          990                        

Total Equity                                         2000                                                                                          1997

Sales                                                                                       2000                                                           

COGS                                                                                                                      1948                       

Depreciation                                                                           300                          320                         356

EBIT                                                                                                                                                                             

Interest                                                                                      50                              67                         99

EBT                                                                                             50                                                                

Taxes                                                                                                                                                        138

NI                                                                                                                                   60                           

Capital Expenditures                                                             400                             500                        600

Dividends                                                                                     0                             100                        200

You do not have to answer each question in order. Fill out the chart above first and then answer the questions. There may be more than one way to find the answers

Choose the answer that is CLOSEST to the correct answer.

  • 1.  What is 2014 Total Equity?

                  a.1760                    b. 1830                 c. 1950                   d. 2030               e. 2200

                  a.2112                    b. 2780                  c. 3200                   d. 3560               e. 4000

  • 3.  What is 2015 Operating Cash Flow?

                  a.-180                     b. 100                      c. 224                     d. 340                e. 420

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