Question: all one question. please help !!! Excel Activity: Financial Statements, Cash Flow, and Taxes Lano Industries's 2020 and 2021 balance sheets (in thousands of dollars)




Excel Activity: Financial Statements, Cash Flow, and Taxes Lano Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) 2021 2020 Cash $104,704 $91,695 Accounts receivable 103,486 84,28% Inventories 38,707 35,133 Total current assets $246,897 $211,115 Net fixed assets 66,441 43,225 Total assets $313.338 $254,340 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total abilities Common stock Retained earrings Total common equity Total liabilities and equity $32.130 29,399 16,003 $ 77,532 75,274 $152,806 99,500 61,032 5160,532 $313,333 $ 24,260 21,648 13,653 $ 59,561 63,324 $122.885 87,000 44,455 5131,455 $254,340 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below Do not found intermediate calculations. Enter your answers in thousands. For example, an answer of 1 thousand should be entered as 1, not 1,000 Round your answers to the nearest whole number. Use a minus sign to enter negative values, any 6. Sales for 2021 were 5431,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 19% of net fixed assets, Interest was $9,339,000, the corporate tax rate was 25%, and Laiho pays 48.25% of its net income as dividends. Given this information, construc the firm's 2021 Income statement. Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) 2021 Sales $ Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest $ $ EST Taxes (25%) Net Income $ Common dividends $ Addition to retained eamings b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows. Hint: The difference In accumulated depreciation from one year to the next is the annual depreciation expense for the year. Lalho Industries Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Total Stockholders Common Stock Retained Earnings Equity Balances, December 31, 2020 Common stock issue Back Net Financial Statements, Cash Flow, and Taxes 0 x A-Z $ b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash Hows. Mint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year. Lalho Industries Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Common Stock Total Stockholders' Retained Earnings Equity Balances, December 31, 2020 $ Common stock issue 2021 Net Income Cash dividends Addition to retained earnings Balances, December 31, 2021 Laiho Industries Statement of Cash Flows for 2021 (thousands of dollars) 2021 Operating Activities Net Income Depreciation and amortization Increase in accounts payable Increase in accruals Increase in accounts receivable Increase in inventories Net cash provided by operating activities Investing Activities Additions to property, plant, and equipment Net cash used in investing activities Financing Activities $ $ A BOOK Next Financial Statements, Cash Flow, and Taxes 0 x A-Z $ b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash Hows. Mint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year. Lalho Industries Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Common Stock Total Stockholders' Retained Earnings Equity Balances, December 31, 2020 $ Common stock issue 2021 Net Income Cash dividends Addition to retained earnings Balances, December 31, 2021 Laiho Industries Statement of Cash Flows for 2021 (thousands of dollars) 2021 Operating Activities Net Income Depreciation and amortization Increase in accounts payable Increase in accruals Increase in accounts receivable Increase in inventories Net cash provided by operating activities Investing Activities Additions to property, plant, and equipment Net cash used in investing activities Financing Activities $ $ A BOOK Next Activity. Financial Statements, Cash Flow, and Taxes Q Search this cours Puson 0110 Financing Acties Increase in notes payable Increase in long-term debt Increase in common stock Payment of common dividends Net cash provided by financing activities Summary Net increase/decrease in cash Cash at the beginning of the year Cash at the end of the year Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash, NOWC20205 thousand NOWC2011 thousand FCF thousand d. Lathe increased its dividend payout rate, what effect would this have an corporate taxes peld? Whet effect would this have on taxes paid by the company's shareholders? 1 Lathe increased its dividend payout ratio, the trm would pay corporate taves and the company's shareholders would pov taxes on the dividends they would receve. Assume that the firm's after tax cost of capital 9.54. What the 2021 IVA? thousand 1. Assume that the firm's stock price is $22 per share and that at year end 2021 the firm has 10 million shares outstanding, what is the firm's MVA Year-end 20217
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