Calculate XYZ's net operating working capital (NOWC), total net operating capital (TOC), net operating profit after...

 

 

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Calculate XYZ's net operating working capital (NOWC), total net operating capital (TOC), net operating profit after taxes (NOPAT), and free cash flow (FCF) for Year 2018. (5 points) XYZ's Balance Sheets Assets Cash and equivalents Short-term investments Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Common Stock Retained Earnings Total Equity Total Liabilities and Equity Dec 31 2017 $9,000 $48,600 $351,200 $715,200 $1,124,000 $491,000 $146,200 $344,800 $1,468,800 Dec 31 2018 $7,282 $20,000 $632,160 $1,287,360 $1,946,802 $1,202,950 $263,160 $939,790 $2,886,592 $324,000 $720,000 $284,960 $145,600 $200,000 $136,000 $481,600 $1,328,960 $323,432 $1,000,000 $460,000 $460,000 $203,768 $97,632 $663,768 $557,632 $1,468,800 $2,886,592 XYZ's Income Statement INCOME STATEMENT Net sales Cost of Goods Sold Other Expenses Depreciation Total Operating Costs Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (40%) Net Income Less: Dividends to common stockholders 2017 2018 $3,432,000 $5,834,400 $2,864,000 $4,980,000 $340,000 $720,000 $18,900 [$116,960 $5,816,960 $3,222,900 $209,100 $62,500 $146,600 $58,640 $87,960 $17,440 $176,000 -$158,560 -$63,424 -$95,136 ($11,000.0) :: Calculate XYZ's net operating working capital (NOWC), total net operating capital (TOC), net operating profit after taxes (NOPAT), and free cash flow (FCF) for Year 2018. (5 points) XYZ's Balance Sheets Assets Cash and equivalents Short-term investments Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Common Stock Retained Earnings Total Equity Total Liabilities and Equity Dec 31 2017 $9,000 $48,600 $351,200 $715,200 $1,124,000 $491,000 $146,200 $344,800 $1,468,800 Dec 31 2018 $7,282 $20,000 $632,160 $1,287,360 $1,946,802 $1,202,950 $263,160 $939,790 $2,886,592 $324,000 $720,000 $284,960 $145,600 $200,000 $136,000 $481,600 $1,328,960 $323,432 $1,000,000 $460,000 $460,000 $203,768 $97,632 $663,768 $557,632 $1,468,800 $2,886,592 XYZ's Income Statement INCOME STATEMENT Net sales Cost of Goods Sold Other Expenses Depreciation Total Operating Costs Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (40%) Net Income Less: Dividends to common stockholders 2017 2018 $3,432,000 $5,834,400 $2,864,000 $4,980,000 $340,000 $720,000 $18,900 [$116,960 $5,816,960 $3,222,900 $209,100 $62,500 $146,600 $58,640 $87,960 $17,440 $176,000 -$158,560 -$63,424 -$95,136 ($11,000.0) ::