Business, 12.05.2021 01:00 tonya3498

The following 2 years of financial information are for Sebring Corporation. SEBRING CORPORATION: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2005 2004 Sales $3,600.0 $3,000.0 Operating costs (excluding depreciation and amortization) 3,060.0 2,550.0 EBITDA $ 540.0 $ 450.0 Depreciation and amortization 90.0 75.0 Earnings before interest and taxes $ 450.0 $ 375.0 Interest 65.0 60.0 Earnings before taxes $ 385.0 $ 315.0 Taxes (40%) 154.0 126.0 Net income available to common stockholders $ 231.0 $ 189.0 Common dividends $ 181.5 $ 13.2 SEBRING CORPORATION: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2005 2004 Assets: Cash and marketable securities $ 36.0 $ 30.0 Accounts receivable 540.0 450.0 Inventories 540.0 600.0 Total current assets $1,116.0 $1,080.0 Net plant and equipment 900.0 750.0 Total assets $2,016.0 $1,830.0 Liabilities and equity: Accounts payable $ 324.0 $ 270.0 Notes payable 201.0 155.0 Accruals 216.0 180.0 Total current liabilities $ 741.0 $ 605.0 Long-term bonds 450.0 450.0 Total debt $1,191.0 $1,055.0 Common stock (50 million shares) 150.0 150.0 Retained earnings 675.0 625.0 Total common equity $ 825.0 $ 775.0 Total liabilities and equity $2,016.0 $1,830.0 What is Sebring's free cash flow for 2005

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:40

Anew equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. the investment cost is $25,000, and the equipment will have a market value of $5,000 at the end of a study period of five years. increased productivity attributable to the equipment will amount to $10,000 per year after operating costs have been subtracted from the revenue generated by the additional production. if marr is 10%, is investing in this equipment feasible? use annual worth method.

Answers: 3

Answer

Business, 22.06.2019 08:30

Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.

Answers: 1

Answer

Business, 22.06.2019 14:30

The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.

Answers: 2

Answer

Business, 22.06.2019 19:00

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.

Answers: 2

Answer

You know the right answer?

The following 2 years of financial information are for Sebring Corporation. SEBRING CORPORATION: INC...

Questions