Scribd
Upload
58 views7 pages

Assignment # 3: Assets

The document presents a balance sheet and income statement for 2021 and 2022. The balance sheet shows total assets of $322 million in 2021, including $165 million in current assets and $157 million in fixed assets. Total liabilities were $197 million, including $137 million in current liabilities and $60 million in long-term bonds. The income statement shows net sales of $2.12 billion in 2021 with EBIT of $367.1 million and net income of $171.8 million.

Uploaded by

Usman Ghani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
58 views7 pages

Assignment # 3: Assets

The document presents a balance sheet and income statement for 2021 and 2022. The balance sheet shows total assets of $322 million in 2021, including $165 million in current assets and $157 million in fixed assets. Total liabilities were $197 million, including $137 million in current liabilities and $60 million in long-term bonds. The income statement shows net sales of $2.12 billion in 2021 with EBIT of $367.1 million and net income of $171.8 million.

Uploaded by

Usman Ghani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 7

Assignment # 3

USMAN GHANI S2021001024


WALEED AHSAN S2021001015
ARSLAN MUJAHID S2021001016
SALMAN S2021001018

Balance Sheet

Assets 2021
CURRENT ASSEST
Cash and Equivalents 15,000,000
Money Market Investment 25,000,000
Account Receivable 50,000,000
Inventories 75,000,000
Total Current Assets 165,000,000
Fixed Assets
Net Plant and Equipments 157,000,000
Total Fixed Assets 157,000,000

Total Assets 322,000,000

Liabilities and Equity


CURRENT LIB
Account payable 50,000,000
Notes payable 7,000,000
Accruals 80,000,000
Total current liabilities 137,000,000
Long-Term lib
Long-Term bonds 60,000,000
Total liabilities 197,000,000
Preffered Stock 10,000,000
Common Stock 80,000,000
Retained Earning 35,000,000
Total common equity 115,000,000
Total liabilities and equity 322,000,000

2021
Net operating working capital(NOWC)=Operating current asset(OCA)-Operating current liabilities(OCL
NOWC= OCA( 15000000 + 50000000+75000000)-OCL(50000000+80000000)
NOWC = 140000000-130000000
NOWC= 10000000
Total net operating capital(TNOC) = NOWC+Operating long term assets(OCLA)
TNOC = 10000000+157000000
TNOC = 167000000
2022
NOWC = OCA(12000000+40000000+55000000)-OCL(35000000+77000000)
NOWC = 107000000-112000000
NOWC = -5000000
TNOC = -5000000+125000000
TNOC = 120000000
NIOC= Total net operating capital this year (2021) - Total net operating capital last year (2022)
NOIC= 167000000-120000000
NOIC= 47,000,000

Net operating profit after taxes(NOPAT)= EBIT * (1-Tax rate)


NOPAT= 366080980 * (1-0.35)
NOPAT= 366080980 * (1-0.35)
NOPAT= 237952637
FCF= NOPAT-NIOC
FCF= 237952637-47000000
FCF= 190952637

GIWC= NIWC+Depreciation
GIWC= 47000000+15700000
GIWC= 62700000

OCF= NOPAT+Depreciation
OCF= 237952637+15700000
OCF= 253652637

FCF= (NOPAT+Depreciation)-(NIOC+Depreciation)
FCF= 253652637+31300000
FCF= 222352637

Q6. After Tax Interest Payment.


ATIP= 880000000(1-0.65)
ATIP= 57200000

NRD= (5000000+50000000)-(7000000+60000000)
NRD= 55000000-67000000
NRD= 12000000

Dividend Payment= (Preferred Dividend)10000000

MVA Calculation
Price Per Share
Number of Shares
Markert Value of Equity(Share Price*No. of Shares)
Book Value of Equity
MVA= Market Value-Book Value

EVA=operating capital*(ROIC-WACC)

ROIC 253652637-167000000=86652637
WACC 11%

Operating capital*(ROIC-WACC)
167000000*86652637-11%=219582617.08
6

Income Statement
For the Year Ended Dec 31, 2021
2022 2021
Net Sales 2,122,055,265
12,000,000 Operating Cost 1,739,224,462
50,000,000 EBITDA 382,830,803
40,000,000 Depreciation 15,700,000
55,000,000 EBIT 367,130,803
157,000,000 Less Interest 88,000,000
EBT 279,130,803
125,000,000 Taxes 97,328,343
125,000,000 Before Preferred Dividend 181,802,460

282,000,000 Preferred Dividend 10,000,000

Net Income 171,802,460

35,000,000
5,000,000
77,000,000
117,000,000

50,000,000
167,000,000
10,000,000
80,000,000
25,000,000
105,000,000
282,000,000

Operating current liabilities(OCL


ating capital last year (2022)
2021 2022

12.5 10
10000000 10000000
125000000 100000000
80000000 80000000
45000000 20000000

11%=219582617.08
nded Dec 31, 2021
2022
2,021,005,014 212,205,526.50
1,616,004,146
405,000,868
12,500,000
392,500,868
60,000,000
332,500,868
116,025,363 97,695,781.05
216,475,505

10,000,000

206,475,505

You might also like