Fi515 Project

FI 515 Project The financial statements of Lioi Steel Fabricators are shown below two the true(a) results for 2010 and the projections for 2011. Free cash ladder is expected to grow at a 6% rate after 2011. The weighted furnish up cost of roof is 11%. a.If operational capital as of 12/31/2010 is $502.2 million, what is the free cash flow for 12/31/2011? b.What is the horizon value as of 12/31/2011? c.What is the value of operations as of 12/31/2010? d.What is the hail value of the company as of 12/31/2010? e.What is the inherent price per share for 12/31/2010? Income Statements for the twelvemonth closing declination 31 (Millions of Dollars Except for Per Share information Actual 2010 intercommunicate 2011 ________________________________________ nett sales $ 500.0 $ 530.0 Costs (except depreciation) 360.0 381.6 disparagement 37.5 39.8 complete operating costs $ 397.5 $ 421.4 Earnings before quest group and taxes $ 102.5 $ 108.6 Less interes t 13.9 16.0 Earnings before taxes $88.6 $92.6 Taxes (40%) 35.4 37.0 Net income before preferred dividends $ 53.2 $ 55.6 preferred dividends 6.0 7.4 Net income available for vernacular dividends $ 47.2 $ 48.2 roughhewn dividends $ 40.8 $ 29.7 Addition to carry salary $ 6.4 $ 18.5 Number of shares 10 10 Dividends per share $ 4.08 $ 2.

97 Balance Sheets for December 31 (Millions of Dollars) Actual 2010 Projected 2011 ________________________________________ Assets Cash $ 5.3 $ 5.6 Marketable securities 49.9 51.9 Accounts receivable 53.0 56.2 Inventories 106.0 112.4 Total current assets $ 214 .2 $ 226.1 Net plant and equipment 375.0 3! 97.5 Total assets $ 589.2 $ 623.6 Liabilities and candor Accounts collectible $ 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 melody 35.0 37.1 Common stock (par plus PIC) 160.0 160.0 Retained earnings 146.4 164.9 Common equity $ 306.4 $ 324.9 Total liabilities and equity $ 589.2 $...If you want to kick the set a full essay, order it on our website: OrderCustomPaper.com

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