Fi515 Project

FI 515 Project The financial statements of Lioi Steel Fabricators are shown below both(prenominal) the true(a) results for 2010 and the projections for 2011. Free cash bunk is expected to grow at a 6% rate after 2011. The weighted make up 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 division closing declination 31 (Millions of Dollars Except for Per Share selective information Actual 2010 intercommunicate 2011 ________________________________________ illuminate sales $ 500.0 $ 530.0 Costs (except depreciation) 360.0 381.6 dispraise 37.5 39.8 fare operating costs $ 397.5 $ 421.4 Earnings before refer group and taxes $ 102.5 $ 10 8.6 Less interest 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 commonplace dividends $ 47.2 $ 48.2 reciprocal 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 c urrent assets $ 214.2 $ 226.1 Net plant an! d equipment 375.0 397.5 Total assets $ 589.2 $ 623.6 Liabilities and candor Accounts payable $ 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 spud 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 lay a full essay, order it on our website: OrderCustomPaper.com

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