SHAREHOLDER EQUITY

Current Asset + Net Fixed Asset- Total Liabilities

AVERAGE TAX RATE

(Total Income Tax/Taxable income)*100

MARGINAL TAX RATE

the tax rate that is applied to the final dollar of earned income

ADDITIONAL CAPITAL SURPLUS

New Stock - common stock

ADDITIONAL RETAINED EARNINGS

Net Income - Dividend

NET FIXED ASSETS

Net fixed assets = Total assets - Current assets

Net fixed assets = Total liabilities + equity - Current assets

Net fixed assets = Current liabilities+long term debt+equity - (NWC + Current liabilities)

OPERATING CASH FLOW

EBIT + Depreciation- Taxes

EBIT
Sales-Cost-Other Expenses-Depreciation

CASH FLOW TO CREDITORS

Interest payment + Redemption of Long Term Debt

CASH FLOW TO STOCKHOLDERS

Dividends - Issued equity

NWC
Operating cash flow - Capital Spending - Cash flow fromasset

CAPITAL SPENDING
Increase in assets + Depreciation

CASH FLOW FROM ASSETS

Cash flow to stockholders + Cast flow to creditors

TOTAL EQUITY
Total assets - Long-term debt - Current Liabilities

Current assets = Total assets - Fixed assets

Net working capital = Current assets - Current liabilities

Current liabilities = Current assets - Net working capital

Sales $15,394
Costs 7,153 PARROTHEAD ENTERPRISES
Depreciation 1,375 2020 and 2021 Partial Balance Sheets
Interest paid 396 Assets 2020 2021 Liabilities
TAX 22% Current ass $ 1,218 $ 1,323 Current liab
Net fixed a 4,987 6,010 Long-term

EBIT $6,866
INT EXP 396
EBT $6,470
TAXES $1,423
NET IN $5,047

C NWC 48

NET CAP SP th net fixed ass-lyr net fixed ass+depret

2398
fix asssol 122

oper cs $6,818
$4,372

net new bpr 169

cash to cred 227
de 345

2020 2021
Sales $21,049 $19,038
Depreciation 2,466 2,574
Cost of goods sol 6,140 6,821
Other expenses 1,406 1,223
Interest 1,155 1,370
Cash 8,721 9,517
Accounts receiva 11,578 13,752
Short-term notes 1,764 1,731
Long-term debt 29,330 35,454
Net fixed assets 72,976 77,880
Accounts payable 6,323 6,910
Inventory 20,577 21,952
Dividends 2,429 2,404

Tax rate 21%

EBIT $8,420
EBT $7,050
TAX $1,480.50
OCF $9,513.50
NET CAP SP 7,478
NWC 3,791

CF FROM AS ($1,755.50)

NET BOR 6,124

CF TO CRED -4,754

CHANGE ASS 9,249

CAHNGE LIAB 6,678

ADDIT RETAN EARN

$2,998.50

CASHFLOW CR $ 16,740.00
CASHFLOW ST $ 7,244.00
NET FIXED ASS $ 49,580.00 $ 56,980.00
DEPRE $ 12,132.00
OCF $ 50,801.00

NWC CHANGE

Cash flow from assets = Operating cash flow - Net capital spend - Change in net working capital

$ 23,984.00 = $ 50,801.00 $ 19,532.00 X

$ 23,984.00 = $ 31,269.00 - X

X = $ 7,285.00

DuPont identity can be computed as: Net profit margin × 1/Capital intensity ratio × (1 + Debt-equity ratio).

SALES 4760
COSTS 2560
INTEREST 171
DEPREC 477
TAX 30%
CASH COVER RATIO EBITDA/INTEREST 0.00

EBITDA Sales-Cost+Depreciation
2677

SALES 4150
TOT ASSET 3850
TOT DEBT RAT 40%
PM 4%

ROE Net Income/Equity *100 7.186147186

NET INCOME 166

EQUITY 2310

SALES 10400
PM 4%
SHARE STOCK 4600
PRICE 1.8

PE RATIO PRICE/EPS 19.90385

EPS NET INCOME/SHARES OUTSTANDIN 0.09

NET INCOME SALES*PM 416

Day sales in receivables for 2017=accounts receivable for 2017/Average sales per day

25.45
33.7890204521

FIXED ASSET TURNOVER TOTAL SALES/TOTAL FIXED ASSET

3.181818181818
ROE Net Income/Equity *100 21.17333

EQUITY Common Stock+ Retained earninfs 3750.00

NET INCOME 794

SHARES OUTST 510000000

PE 20

PE RATIO MARKET PRICE PER SHARE/EARNINGS PER SHARE

MARKET PRICE PER SHAREPE * EARNINGS 40.03922

EARNINGS PER SHARE NET INCOME/NUMBER OF SHARE OUSTAN 2.001961

SALES 2900
COGS 2240
INVENTORY 520
ACCOUNT REC 438

INVENTORY TOURNOVER RATIO COGS/INVENTORY 4.307692

INVENTORY DAYS 365/INVENTORY TOURNOVER RA 84.73214

 2020 2021
$ 496 $ 553
2,650 2,819