Fi515 Project

FI 515 Project The financial statements of Lioi Steel Fabricators ar shown belowboth the true(a) results for 2010 and the projections for 2011. exhaust cash flow is judge to grow at a 6% rate afterward 2011. The weighted add up cost of capital is 11%. a.If operational capital as of 12/31/2010 is $502.2 million, what is the forgive cash flow for 12/31/2011? b.What is the horizon abide by as of 12/31/2011? c.What is the value of operations as of 12/31/2010? d.What is the speak to value of the company as of 12/31/2010? e.What is the integral price per share for 12/31/2010? Income Statements for the Year determination declination 31 (Millions of Dollars draw off for Per Share Data positive 2010 communicate 2011 ________________________________________ Net sales $ 500.0 $ 530.0 be (except depreciation) 360.0 381.6 Depreciation 37.5 39.8 entire operate costs $ 397.5 $ 421.4 Earnings in front interest group and taxes $ 102.5 $ 108.6 little interest 13.9 16.0 Earnings originally taxes $88.6 $92.6 Taxes (40%) 35.4 37.0 Net income before like dividends $ 53.2 $ 55.6 preferred dividends 6.0 7.4 Net income for sale for common dividends $ 47.2 $ 48.2 plebeian dividends $ 40.8 $ 29.7 asset to carry salary $ 6.4 $ 18.5 frame of shares 10 10 Dividends per share $ 4.08 $ 2.

97 rest period Sheets for December 31 (Millions of Dollars) Actual 2010 Projected 2011 ________________________________________ Assets Cash $ 5.3 $ 5.6 saleable securities 49.9 51.9 Accounts receivable 53.0 56.2 Inventories 106.0 112.4 Total ongoing assets $ 214.2 $ 226.1 Net plant and equipment 375.0 397.5 Total assets $ 589.2 $ 623.6 Liabilities and candor Accounts due $ 9.6 $ 11.2 Notes payable 69.9 74.1 Accruals 27.5 28.1 Total current liabilities $ 107.0 $ 113.4 long-term bonds 140.8 148.2 preferred stock 35.0 37.1 Common stock (par plus PIC) 160.0 160.0 hold earnings 146.4 164.9 Common fair-mindedness $ 306.4 $ 324.9 Total liabilities and equity $ 589.2 $...If you expect to kick the bucket a full essay, order it on our website: Orderessay

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