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Cumberland Industries most recent balance sheets in thousands of dollars are shown below and in partial model in filea. The company's sales for 2005 were $455,000,000 and EBITDA was 15% of sales. Furthermore depreciation amounted to 11% of net fixed assets, interest charges were $8,550,000, the state plus federal corporate tax rate was 40% and Cumberland pays 40% of its net income out in dividends. Given this information construct Cumberland's income statement?.Please see attachedb. Next construct the firm's statement of retained earnings for the year ending 12-31-05 and then its 2005 statement of cash flowsc. Calculate net operating working capital, total net operating capital, net operating profit after taxes, and free cash flow for 2005.d. Calculate the firm's EVA and MVA for 2005. Assume that Cumberland had 10 million shares outstanding that the year end closing stock price was $17.25 per share, and after tax cost capital was (WACC) 12%.
Discuss the concept of working capital what shall be the repercussions if the firm has
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What controls should an organization like Tyco implement to ensure that such transactions do not take place in the future?
During 2009, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. From the perspective of the combination, when is the $14,000 gain realized?
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After all noncash assets are sold and all liabilities are paid, there is a cash balance of $80,000. What amount of loss on realization should be allocated to Barbara?
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