FREE CASH FLOW Arlington Corporation’s financial statements (dollars and shares are in millions) are provided here.
Balance Sheets as of December 31
2016 | 2015 | |
Assets | ||
Cash and equivalents | $ 15,000 | $ 14,000 |
Accounts receivable | 35,000 | 30,000 |
Inventories | 33,320 | 27,000 |
Total current assets | $ 83,320 | $ 71,000 |
Net plant and equipment | 48,000 | 46,000 |
Total assets | $131,320 | $117,000 |
Liabilities and Equity | ||
Accounts payable | $ 10.100 | $ 9,000 |
Accruals | 8,000 | 6,000 |
Notes payable | 7,000 | 5,055 |
Total current liabilities | $ 25,100 | $ 20,050 |
Long-term bonds | 20,000 | 20,000 |
Total liabilities | $ 45,100 | $ 40,050 |
Common stock (4,000 shares) | 40,000 | 40,000 |
Retained earnings | 46,220 | 36,950 |
Common equity | $ 86,220 | $ 76,950 |
Total liabilities and equity | $131,320 | $117,000 |
Income Statement for Year Ending December 31, 2016
Sales | $210,000 |
Operating costs excluding depreciotion and amortization | 160,000 |
EBITDA | $ 50,000 |
Depreciation & amortization | 6,000 |
EBIT | $ 44,000 |
Interest | 5,350 |
EBT | $ 38,650 |
Taxes (40%) | 15,460 |
Net income | $ 23,190 |
Dividends paid | $ 13,920 |
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals of Financial Management (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
Foundations of Business (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Probability and Statistics for Engineering and the Sciences
Principles of Economics (MindTap Course List)
Accounting Information Systems
Cornerstones of Financial Accounting
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Financial & Managerial Accounting
Corporate Financial Accounting
Principles of Microeconomics (MindTap Course List)
Management, Loose-Leaf Version
Financial And Managerial Accounting
Financial Accounting
Contemporary Marketing
Essentials of Economics (MindTap Course List)
College Accounting, Chapters 1-27
College Accounting (Book Only): A Career Approach
Managerial Accounting: The Cornerstone of Business Decision-Making
Financial & Managerial Accounting
MKTG 12:STUDENT ED.-TEXT
Accounting Information Systems
Intermediate Accounting: Reporting And Analysis
Financial Accounting
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Accounting (Text Only)
Exploring Economics
Principles of Macroeconomics (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
College Accounting (Book Only): A Career Approach
Survey of Accounting (Accounting I)
Practical Management Science
Economics (MindTap Course List)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Cornerstones of Cost Management (Cornerstones Series)
Economics For Today
Corporate Financial Accounting
Purchasing and Supply Chain Management
Micro Economics For Today
Economics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
Understanding Management (MindTap Course List)
MACROECONOMICS FOR TODAY
Managerial Accounting
Macroeconomics: Private and Public Choice (MindTap Course List)