Consider the annual reports of Ferrari for 2 0 2 2 uploaded. Using financial ratios, you are
Fantastic news! We've Found the answer you've been seeking!
Question:
Consider the annual reports of Ferrari for uploaded. Using financial ratios, you are required to compare them and answer the following questions:
Transcribed Image Text:
Statement of Cash Flows for the years ended December 31, 2022, 2021 and 2020 ( thousand) Cash and cash equivalents at the beginning of the year Cash flows from operating activities: Profit before taxes Amortization and depreciation Provision accruals Result from investments Net finance costs Other non-cash expenses, net Change in inventories Change in trade receivables Change in trade payables Change in receivables from financing activities Change in other operating assets and liabilities Finance income received Finance costs paid Income tax paid Total cash flows from operating activities Cash flows used in investing activities: Investments in property, plant and equipment Investments in intangible assets Investments in joint ventures Proceeds from the sale of property, plant and equipment and intangible assets Total cash flows used in investing activities Cash flows (used in)/from financing activities: Proceeds from securitizations, net of repayments Net change in other debt Repayment of lease liabilities Net change in borrowings to banks and other financial institutions Repayment of bonds and notes Proceeds from bonds and notes Dividends paid to owners of the parent Dividends paid to non-controlling interests Share repurchases Total cash flows (used in)/from financing activities Translation exchange differences Total change in cash and cash equivalents Cash and cash equivalents at the end of the year Note N 32 32 For the years ended December 31, 2022 1,344,146 1,177,766 546,225 72,331 (6,175) 49,616 46,653 (153,890) (48,400) 103,981 (187,890) 140,008 5,158 (37,351) (304,692) 1,403,340 (347,725) (456,894) (1,367) 578 (805,408) 146,100 11,241 (16,500) (46,091) (249,522) (2,266) (396,522) (553,560) 383 44,755 1,388,901 2021 1,362,406 1,042,231 455,989 30,284 (6,896) 33,257 23,941 (81,309) 1,771 72,568 (122,746) (29,840) 1,679 (29,202) (109,001) 1,282,726 (352,316) (384,827) 4,405 (732,738) 71,444 (8,037) (21,605) 121,385 (500,000) 149,495 (160,101) (1,354) (230,899) (579,672) 11,424 (18,260) 1,344,146 2020 897,940 667,035 426,63 25,805 (4,647 49,09 39,072 (67,797 44,47 8,594 (69,376 (137,313 2,109 (54,427 (91,051 838,21 (357,018 (351,978 969 (708,027 44,126 18,08: (20,035 (1,740 640,07 (208,100 (2,929 (129,793 339,683 (5,407 464,460 1,362,400 Statement of Cash Flows for the years ended December 31, 2022, 2021 and 2020 ( thousand) Cash and cash equivalents at the beginning of the year Cash flows from operating activities: Profit before taxes Amortization and depreciation Provision accruals Result from investments Net finance costs Other non-cash expenses, net Change in inventories Change in trade receivables Change in trade payables Change in receivables from financing activities Change in other operating assets and liabilities Finance income received Finance costs paid Income tax paid Total cash flows from operating activities Cash flows used in investing activities: Investments in property, plant and equipment Investments in intangible assets Investments in joint ventures Proceeds from the sale of property, plant and equipment and intangible assets Total cash flows used in investing activities Cash flows (used in)/from financing activities: Proceeds from securitizations, net of repayments Net change in other debt Repayment of lease liabilities Net change in borrowings to banks and other financial institutions Repayment of bonds and notes Proceeds from bonds and notes Dividends paid to owners of the parent Dividends paid to non-controlling interests Share repurchases Total cash flows (used in)/from financing activities Translation exchange differences Total change in cash and cash equivalents Cash and cash equivalents at the end of the year Note N 32 32 For the years ended December 31, 2022 1,344,146 1,177,766 546,225 72,331 (6,175) 49,616 46,653 (153,890) (48,400) 103,981 (187,890) 140,008 5,158 (37,351) (304,692) 1,403,340 (347,725) (456,894) (1,367) 578 (805,408) 146,100 11,241 (16,500) (46,091) (249,522) (2,266) (396,522) (553,560) 383 44,755 1,388,901 2021 1,362,406 1,042,231 455,989 30,284 (6,896) 33,257 23,941 (81,309) 1,771 72,568 (122,746) (29,840) 1,679 (29,202) (109,001) 1,282,726 (352,316) (384,827) 4,405 (732,738) 71,444 (8,037) (21,605) 121,385 (500,000) 149,495 (160,101) (1,354) (230,899) (579,672) 11,424 (18,260) 1,344,146 2020 897,940 667,035 426,63 25,805 (4,647 49,09 39,072 (67,797 44,47 8,594 (69,376 (137,313 2,109 (54,427 (91,051 838,21 (357,018 (351,978 969 (708,027 44,126 18,08: (20,035 (1,740 640,07 (208,100 (2,929 (129,793 339,683 (5,407 464,460 1,362,400
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
A taxpayer had the following income: a.) Gain on sale of domestic stocks - P200,000............ b.) Gain on sale of foreign bonds - P100,000............ c.) Gain on sale of a commercial lot in...
-
Draw a figure to illustrate the Application "Quitting Smoking." That is, show why as the price of cell phones drops, less tobacco is consumed? (Draw a figure like panel a of Figure 4.2 with cell...
-
List the first five terms of the sequence. An ( + 1)!
-
Determine the number of ideal stages required in Example 7.4 if the solvent rate used is twice the minimum. Data From Example 7.4:- A solution of acetic acid (C) in water (A) is to be extracted using...
-
Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials and conversion costs are incurred evenly throughout the process. For the...
-
The external audit report suggests that the auditing firm sells software that is "bullet-proof" on upcoding but maximizes income. The finance committee receives and discusses the report. The most...
-
A missile guidance system has five fail-safe components. The probability of each failing is 0.05. Find these probabilities. a. Exactly 2 will fail. b. More than 2 will fail. c. All will fail. d....
-
Josue had the following income expenses, gains and losses for 2019: salaries received from big business, inc.............$115,600 net business income from small business.............49,500 net rental...
-
Category Prior Year Current Year Accounts payable 3,121.00 5,900.00 Accounts receivable 6,926.00 8,979.00 Accruals 5,755.00 6,090.00 Additional paid in capital 20,088.00 13,895.00 Cash ??? ??? Common...
-
Using a periodic inventory system, the sellers journal entry to record the payment for merchandise, received from the buyer, within the discount period includes a?
-
A car has a velocity of 40.0 m/s and a mass of 2000.0 kg. a curve has a radius of 80.0 m. the curve has a bank angle of 30.0 degrees. the coefficient of friction between the tires and the road is...
-
Alliance Companys budgets production of 25,000 units in January and 29,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound. Each months ending...
-
the new revenue recognition standard brings in significant changes the way a company should determine the amount of revenue to report on its financial statements. As an auditor what challenges or...
-
What is the estimate for the cost of equity? Provide the following inputs that you used and why. Risk premium Risk-free rate Beta of equity for Boeing The case does not give you the RF (Risk-Free)...
-
The water in tank A is at 270 F with quality of 10% and mass 1 lbm. It is connected to a piston/cylinder holding constant pressure of 40 psia initially with 1 lbm water at 700 F. The valve is opened,...
-
How are qualified dividends taxed in 2012? Please give the two rates of tax which apply to qualified dividends, and specify when each of these rates applies._________________________...
-
Bill and Guilda each own 50 percent of the stock of Radiata Corporation, an S corporation. Guilda's basis in her stock is $25,000. On July 31, 2012, Bill sells his stock, with a basis of $40,000, to...
-
Jan has two jobs during 2012. One employer withheld and paid FICA taxes on $66,600 of Jan's salary, and the other employer withheld and paid FICA taxes on $44,400 in salary paid to Jan. Calculate the...
-
Predictions of future technological advances and breakthroughs are notoriously unreliable. For example, in the 1960 some futurists predicted that we would all soon be commuting to work in our own...
-
What overriding goal should every systems designer, in performing input design, never lose sight of?
-
Despite the inroads being made by other input methods, the venerable keyboard is still far and away the most common method used for data input, and it is likely to stay that way for a while. But...
Study smarter with the SolutionInn App