Redbird, Inc. 2013 Income Statement

Redbird, Inc. 2013 Income Statement

Subject: Business    / Finance
Question
Redbird, Inc. 2013 Income Statement ($ in millions)

Net sales $9,625

Less: Cost of goods sold 5,225

Less: Depreciation 1,890

Earnings before interest and taxes $2,510

Less: Interest paid 850 Taxable Income $1,660

Less: Taxes 581 Net Income $1,079

Additions to retained earnings $679

Dividends paid $400

Redbird, Inc. Balance Sheets (12/31/12 and 12/31/13) ($ in millions)

2012201320122013

Cash $1,455 $260 Accounts payable $1,150 $2,863

Accounts Rec. 2,460 3,975 Other current debt 2,6001,628

Inventory 1,405 885 Current Liabilities 3,750 4,491

Current assets $5,320 $5,120 Long-term debt 7,000 7,600

Net fixed assets $19,300$21,720 Common stock 5,500 5,700

Retained earnings 8,3709,049

Total assets $24,620 $26,840 Total debt and equity$24,620 $26,840

what is the firms net spending in 2013?

what is the firms net working capital in 2013?

What is the firm’s cash flow from assets for 2013? (CFFA = OCF – NCS – NWC)

What is the firm’s cash flow to creditors for 2013? (CF to Creditors = Interest Paid – Net New Borrowing)

What is the firm’s cash flow to stockholders for 2013? (CF to Stockholders = Dividends Paid – Net New Equity Raised)

Calculate the firm’s current ratio at the end of 2013. (C.R. = CA/CL)

Calculate the firm’s 2013 average collection period. (ACP = 365/Receivables Turnover)

Calculate the firm’s 2013 total asset turnover ratio. (TAT = S/TA)

Calculate the firm’s 2013 net profit margin. (PM = NI/S)

Which of the following shows the correct calculation of the firm’s 2013 DuPont Identity? (DuPont Identity: ROE = PM x TAT x EM)

The firm’s 2013 EPS is $10.79. What is the firm’s 2013 DPS (dividends per share)? (DPS = Dividends Paid / # Shares)

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