Question: Exhibit 13.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Assume that you are an analyst for the U.S. Autoparts Industry. Consider the following information
Exhibit 13.1
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Assume that you are an analyst for the U.S. Autoparts Industry. Consider the following information that you propose to use to obtain an estimate of year 2002 EPS for the U.S. Autoparts Industry:
| Estimated | ||
| Year 2003 | Year 2004 | |
| Personal consumption expenditures | $6,800 billion | |
| Personal consumption expenditures growth | 1.5% | |
| Industry Sales per share | $525 | |
| Industry Operating profit margin | 15% | |
| Industry Depreciation/Fixed Assets | 8.25% | |
| Industry Fixed asset turnover | 3 | |
| Interest rate | 6% | |
| Industry Total asset turnover | 1.2 | |
| Industry Debt/Total assets | 45% | |
| Industry Tax rate | 36% |
In addition a regression analysis indicates the following relationship between growth in industry sales per share and personal consumption expenditures (PCE) growth is
%D Sales per share = 0.02 + 1.5(%DPCE)
41. Refer to Exhibit 13.1. Calculate personal consumption expenditures for the year 2004.
| a. | $7,500 billion |
| b. | $7,000 billion |
| c. | $7140 billion |
| d. | $7,550.5 billion |
| e. | $6,825.75 billion |
42. Refer to Exhibit 13.1. Estimate the industry growth rate in sales per share.
| a. | 10.5% |
| b. | 11% |
| c. | 12.16% |
| d. | 9.5% |
| e. | 8.73% |
43. Refer to Exhibit 13.1. Estimate the industry sales per share for the year 2004.
| a. | $574.9 |
| b. | $600.0 |
| c. | $585.03 |
| d. | $625 |
| e. | $550 |
44. Refer to Exhibit 13.1. Calculate the industry year 2004 EBITDA per share.
| a. | $95.05 |
| b. | $89.15 |
| c. | $92.56 |
| d. | $94.73 |
| e. | $86.23 |
45. Refer to Exhibit 13.1. Obtain an estimate of the per share depreciation charge for the year 2004.
| a. | $15.81 |
| b. | $12.35 |
| c. | $23.68 |
| d. | $25.93 |
| e. | $35 |
46. Refer to Exhibit 13.1. Calculate the per share EBIT for the year 2004.
| a. | $95.33 |
| b. | $70.42 |
| c. | $85.56 |
| d. | $95.89 |
| e. | $75.32 |
47. Refer to Exhibit 13.1. Calculate industry total assets per share for the year 2004.
| a. | $450 |
| b. | $565.67 |
| c. | $513.58 |
| d. | $479.07 |
| e. | $385.77 |
48. Refer to Exhibit 13.1. Calculate industry level of debt for the year 2004.
| a. | $215.58 |
| b. | $300.75 |
| c. | $237.67 |
| d. | $285.98 |
| e. | $193.72 |
49. Refer to Exhibit 13.1. Calculate the per share interest rate charge for the year 2004.
| a. | $12.93 |
| b. | $17.72 |
| c. | $10.07 |
| d. | $13.76 |
| e. | $18.59 |
50. Refer to Exhibit 13.1. Calculate the industry EBT per share for the year 2004.
| a. | $53.29 |
| b. | $67.89 |
| c. | $68.75 |
| d. | $59.63 |
| e. | $57.49 |
51. Refer to Exhibit 13.1. Calculate industry EPS for the year 2004.
| a. | $45.25 |
| b. | $36.79 |
| c. | $57.25 |
| d. | $32.56 |
| e. | $48.57 |
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