What is National Co.’s amount of total investor-supplied (Net current asset investment and net fixed asset investment) operating capital for 2022?

Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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What is National Co.’s amount of total investor-supplied (Net current asset investment and net fixed asset investment) operating capital for 2022?

NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31
(MILLIONS OF PHP)
2021
P3,600.0 P3,000.0
2,550.0
P 450.0
75.0
P 375.0
60.0
2022
Sales
O perating costs (excluding depreciation and amortization)
Е ВITDA
Depreciation and amortization
E arnings before interest and taxes
Interest
E arnings before taxes
Taxes (40%)
Net income available to common stockholders
3.060.0
P 540.0
90.0
P 450.0
65.0
P 385.0
P 315.0
154.0
126.0
P 231.0 P 189.0
Common dividends
P 181.5
P 13.2
NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31
(MILLIONS OF PHP)
2022
2021
Assets:
Cash and marketable securities
P 36.0
540.0
P 30.0
450.0
_ 600.0
P1,080.0
750.0
P1.830.0
Accounts receivable
Inventories
Total current assets
540.0
P1,116.0
900.0
P2.016.0
Net plant and equipment
Total assets
Liabilities and equity:
Accounts payable
Notes payable
P 324.0
P 270.0
155.0
201.0
180.0
P 605.0
450.0
P1,055.0
150.0
625.0
P 775.0
P1.830.0
216.0
P 741.0
450.0
P1,191.0
Accruals
Total current lia bilties
Long-term bonds
Total debt
Common stock (50 million shares)
Retained earnings
Total com mon equity
Total liabilities and equity
150.0
675.0
P 825.0
P2.016.0
Transcribed Image Text:NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2021 P3,600.0 P3,000.0 2,550.0 P 450.0 75.0 P 375.0 60.0 2022 Sales O perating costs (excluding depreciation and amortization) Е ВITDA Depreciation and amortization E arnings before interest and taxes Interest E arnings before taxes Taxes (40%) Net income available to common stockholders 3.060.0 P 540.0 90.0 P 450.0 65.0 P 385.0 P 315.0 154.0 126.0 P 231.0 P 189.0 Common dividends P 181.5 P 13.2 NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: Cash and marketable securities P 36.0 540.0 P 30.0 450.0 _ 600.0 P1,080.0 750.0 P1.830.0 Accounts receivable Inventories Total current assets 540.0 P1,116.0 900.0 P2.016.0 Net plant and equipment Total assets Liabilities and equity: Accounts payable Notes payable P 324.0 P 270.0 155.0 201.0 180.0 P 605.0 450.0 P1,055.0 150.0 625.0 P 775.0 P1.830.0 216.0 P 741.0 450.0 P1,191.0 Accruals Total current lia bilties Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total liabilities and equity 150.0 675.0 P 825.0 P2.016.0
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