Consider recent financials for Elle's Essentials LLC: Balance Sheet Current Assets Net PPE Total Assets Current...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Consider recent financials for Elle's Essentials LLC: Balance Sheet Current Assets Net PPE Total Assets Current Liabilities Long-term deb Total Lisbilities Shareholder Equity Liabities and Equity Income Statement SALES COGS CROSS PROFIT 58A Depreciation EBIT INTEREST EBT TAXES (40.00%) NET INCOME Find the free cash flow for the firm in 2020 Submit 2020 Answer format: Currency Round to: 2 decimal places. $11,463.00 $31,000.00 342,463.00 $6,400.00 $12,898.00 $21,238.00 $21,225.00 $42,463.00 2020 $11,000.00 $4,400.00 $6,600.00 $1,100.00 $550.00 $4,950.00 $1,272.00 $3,678.00 $1,471 20 $2,206.80 2019 $10,000.00 $30,000.00 $40,000.00 $8,000.00 $12,000.00 $20,000.00 $20,000.00 $40,000.00 2019 $10,000.00 Going forward, analysts have forecasted the following free cash flows: $2,550.00 in 2021, and $2,600.00 in 2022 Atter that point, analysts expect free cash flows to grow at 4.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 11.00%. $4,000.00 $6,000.00 $1,000.00 $500.00 $4,500.00 $1,200.00 $3,300.00 $1,320.00 $1,900.00 Consider recent financials for Elle's Essentials LLC: Balance Sheet Current Assets Net PPE Total Assets Current Liabilities Long-term deb Total Lisbilities Shareholder Equity Liabities and Equity Income Statement SALES COGS CROSS PROFIT 58A Depreciation EBIT INTEREST EBT TAXES (40.00%) NET INCOME Find the free cash flow for the firm in 2020 Submit 2020 Answer format: Currency Round to: 2 decimal places. $11,463.00 $31,000.00 342,463.00 $6,400.00 $12,898.00 $21,238.00 $21,225.00 $42,463.00 2020 $11,000.00 $4,400.00 $6,600.00 $1,100.00 $550.00 $4,950.00 $1,272.00 $3,678.00 $1,471 20 $2,206.80 2019 $10,000.00 $30,000.00 $40,000.00 $8,000.00 $12,000.00 $20,000.00 $20,000.00 $40,000.00 2019 $10,000.00 Going forward, analysts have forecasted the following free cash flows: $2,550.00 in 2021, and $2,600.00 in 2022 Atter that point, analysts expect free cash flows to grow at 4.00%. The firm has no short-term debt or preferred stock, and there are 1,000 shares outstanding. The firm's cost of capital is 11.00%. $4,000.00 $6,000.00 $1,000.00 $500.00 $4,500.00 $1,200.00 $3,300.00 $1,320.00 $1,900.00
Expert Answer:
Answer rating: 100% (QA)
The free cash flow for the firm in 2020 is 240284 The present ... View the full answer
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
Posted Date:
Students also viewed these accounting questions
-
The financial statements for the year ended June 30, 2011, are given below for Morgan Construction Company. The firms sales are projected to grow at a rate of 25 percent next year, and all financial...
-
Your current vehicle is no longer mechanically sound and you need to replace it. Your income will support a $350 monthly payment and you plan to nance the purchase for48 months. The dealer is...
-
The Pharma Biotech Corporation spent several years working on developing a DHA product that can be used to provide a fatty-acid supplement to a variety of food products. DHA stands for...
-
Four people, each with a mass of 72.4 kg, are in a car with a mass of 1 130 kg. An earthquake strikes. The driver manages to pull off the road and stop, as the vertical oscillations of the ground...
-
Discuss the propriety of showing: (a) Treasury stock as an asset. (b) Gain or loss on sale of treasury stock as additions to or deductions from income. (c) Dividends received on treasury stock as...
-
The researchers now plan to construct a 99% confidence interval for the test scores described in Exercise 11. a. What is the critical value z2 for this confidence interval? b. Find the margin of...
-
Omar Corporation paid \($200,000\) for a tract of land that had an old gas station on it. The gas station was demolished at a cost of \($20,000\) and a new warehouse was constructed on the site at a...
-
What type, or types, of HR planning analysis do you propose for the data presented in Table 5.4.1? How do you propose to assess the internal trends in employee movement? Indicate what positions will...
-
Hi there. I would kindly ask the balance sheet for this question if possible. income statement and cash flow is given but balance sheet is not given
-
George Pharmacy is a pharmaceutical salesman who has been very successful at his job in the last few years. Unfortunately, his family life has not been very happy. Three years ago, his only child,...
-
Describe three potential causes of conflicts of interest in the workplace. How can they be avoided?
-
Last month when Holiday Creations, Incorporated, sold 38,000 units, total sales were $152,000, total variable expenses were $117,040, and fixed expenses were $37,500. Required: 1. What is the...
-
"EVIDENCE: The goal of the regional Tacoma Courts in Washington State is to use a therapeutic/problem-solving oriented judicial system. Their dedication to tackling the root causes of criminal...
-
A sprinter accelerates from rest to 10.0 m/s in 1.24 s. Part B What is her acceleration in km/h? a= Submit Request Answer Previ ? km/h
-
At what separation is the electrostatic force between a +11.1 C point charge and a +26.1 C point charge equal in magnitude to 1.69 N? Express your answer in meters.
-
When can we say that the following business trends apply to an organization: TPM (Total Productive Maintenance) Customer Orientation Automation Quality improvement Work discipline Improvements in...
-
An aluminum cup contains 235 g of water and a 43-g copper stirrer, all at 29C. A 409-g sample of silver at an initial temperature of 89C is placed in the water. The stirrer is used to stir the...
-
The Dow Jones Industrial Average reached a high of $ 7801.63 on December 29, 1997. Recall from Example 18.4 that it reached a high of $ 1003 on November 14, 1972. The Consumer Price Index for...
-
Coconut Plantations Pty Limited had the following assets and liabilities at financial year end. Required a. What is the balance of retained earnings as at the end of the two financial years? b. If...
-
Budgets need to be reviewed in the light of actual performance. Discuss.
-
One of Googles largest acquisitions was Motorola Mobility for $12.5 billion in 2011. Google subsequently sold Motorola to Chinese giant PC producer Lenovo for $2.9 billion. Required Explain how...
-
The program computes federal withholding tax for each employee by multiplying gross pay times a tax rate determined from Table 9-9. The program next computes state withholding tax for each employee...
-
An auditor is conducting an examination of the financial statements of a wholesale cosmetics distributor with an inventory consisting of thousands of individual items. The distributor keeps its...
-
In what two ways can the breakeven point be stated?
Study smarter with the SolutionInn App