|
Year 2014
|
Year 2015
|
|
Year 2014
|
Year 2015
|
|
Cash
|
140
|
210
|
Accounts payable
|
320
|
280
|
|
Accounts receivable
|
340
|
380
|
Notes payable
|
400
|
300
|
|
Inventory
|
550
|
590
|
Long-term debt
|
1,100
|
1,400
|
|
Net fixed assets
|
3,600
|
3,500
|
Common stock
|
1,200
|
980
|
|
|
|
Retained earnings
|
1,610
|
1,720
|
|
Total assets
|
4,630
|
4,680
|
Total liab & Total equity
|
4,630
|
4,680
|
Year 2015
|
Sales
|
6,230
|
|
Cost of goods sold
|
4,720
|
|
Depreciation
|
440
|
|
Interest
|
75
|
|
Taxes
|
350
|
|
Net income
|
645
|
|
Number of shares outstanding
|
100
|
1. What is the enterprise value multiple in 2015 if the stock price is $45 per share? a. 3.97 b. 1.67 c. 4.59 d. 2.62 e. 1.10
2. What is the dividend payout ratio in 2015? a. 0.83 b. 0.04 c. 0.39 d. 0.02 e. 0.67
3. What is the internal growth rate in 2015? a. 0.83 b. 0.02 c. 0.04 d. 0.67 e. 0.39
4. What is the sustainable growth rate in 2015? a. 0.67 b. 0.83 c. 0.02 d. 0.04 e. 0.39