Fa Market Capitalization =

654 x 83 =
54531

MVA :
Market
Capitalization -
Book value
of Equity
=
54531 -
17532

- 36999

3) Market to book ratio =

54531= 3 11
,

17532

4 % value created =
36999

17532
: 211 %

Taxes
a)
20
3) Tax rate :
+ = =
=
20 62%
,
97
Income before taxes

Total Capitilization :

long -
term debt +
Shareholder's equity

(start of year)
= 121 +
256

=37M

EVA :

EBIT (1-1) (Cost of Capital

-

> total Capitalization)

= 109(1 -
20 , 62%)
-

(8 ,5 % x 377)
= 54 48
,
3). Return on Capital

ROC =
After tax operating Income
=109(1 -
20 62%
,
)
total capitalization 317

= 22 95 %
,

2) Return on
Equity
ROE Net income MM
=

- = 30 08
,
%
Equity 256

d) EVA>0

value shareholders
company is
creating for .

M .

9422
a) Average Equity = .
5

ROE Net income 1486

=
- = 15
,
77 %
9422 5
Average Equity ,

3) Average total assets =

27608 .
5

Net income After tax Interest

ROA
+

total assets
Average
-
Net income +
Interest expense (1 7)
-

Average long-term Capital

 1486 685(1 -

21% )
7 34 %
+

=
=

,
27 608 , 5

4 Average long-term Average Equity Average long-term

+

Capital debt a lease

=
9422 5 +

6922 ,
5
,

I 16348

1486 685/1 21 % 7
ROE
12,0 %
+ -

16348

d) Days in Inventory 238

Inventory
=

COGS/3654060/365

21
~
,
40
days
e) Inventory Turnover I
4060 = 17
,
04 times

2490
1) Average Collection Period =
=
68 , 89 days
13193/365

9) Operating - =
1486 +

685(1 21%) -

=
15 34%
,
13193
h) long-term debt ratio =long-ternu debt
I
7018

4018+9724
long-term debt
equity
+

= 41
,
92 %

i) Total debt ratio :

Total Liabilities
=
4794 +
4018 +
6178

-
assets 24714

=
64 , 91 %

5) Time Interest Earned =

EBIT =
2566 =
3 75 .

Interest
payment 685
2518
h) Cash Coverage Ratio EBIT Depreciation 2566 +
+
=
=

Interest 685

=
7 42,

e) Current Ratio =
Current assets
-
3525
=
43
,
55 %
Current liabilities 479h

m) Quick ratio 89 2382

%
+

= 51 5
=

,
4 794
 87
Total debt 60 280 +
40
Debt
+

a) -

equity :
=

190
Total Equity
=2 .
Ib

lag tern debt

b) lang term ratio
259190
= =
59 57 %
,

debt Equity
term
+

2) Net
working capital =
Current assets -
Current liability
=
wo -

20 =
40

Current assets
d) .
Current ratio I
100

-
Liabilities To

= 164