Question: PLEASE HELP WITH ALL THE FILL IN THE BLANK Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in

PLEASE HELP WITH ALL THE FILL IN THE BLANK
Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and

Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) Cash Accounts receivable Inventories Total current assets $ Net fixed assets Total assets Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2021 106,632 99,734 36,550 242,916 66,301 309,217 $30,809 31,190 17,240 $79,239 78,467 $157,706 95,000 56,511 $151,511 $309,217 2020 $ 88,800 83,661 33,463 $205,924 42,639 $248,563 $22,890 22,750 14,940 $60,580 64,917 $125,497 85,000 38,066 $123,066 $248,563 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, if any. Sales for 2021 were $464,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 19% of net fixed assets, interest was $9,503,000, the corporate tax rate was 25%, and Laiho pays 48.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement. Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) C. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash. NOWC2020: $ fill in the blank thousand NOWC2021: $ fill in the blank thousand FCF2021: $ fill in the blank thousand D. If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders? If Laiho increased its dividend payout ratio, the firm would pay (more I less I the same amount) corporate taxes and the company's shareholders would pay (more / less I the same amount ) taxes on the dividends they would receive. E. Assume that the firm's after-tax cost of capital is 11.5%. What is the firm's 2021 EVA? $ fill in the blank thousand F. 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 at year-end 2021? $ fill in the blank thousand

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