The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,583 17,585 1,418 $ 8,580 533 Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income 8,047 1,690 Federal taxes (@ 21%) Net income $ 6,357 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Assets 2019 2018 Liabilities and Shareholders' Equity 2019 2018 Current assets Current liabilities $ 2,352 1,391 $ 2,352 1,351 Debt due for repayment Accounts payable Cash and marketable securities 415 $ 3,419 $ 3,419 Receivables 3,159 Inventories 138 133 Total current liabilities $ 3,574 Other current assets 1,105 632 Total current assets $ 4,986 $ 4,468

The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,583 17,585 1,418 $ 8,580 533 Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income 8,047 1,690 Federal taxes (@ 21%) Net income $ 6,357 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Assets 2019 2018 Liabilities and Shareholders' Equity 2019 2018 Current assets Current liabilities $ 2,352 1,391 $ 2,352 1,351 Debt due for repayment Accounts payable Cash and marketable securities 415 $ 3,419 $ 3,419 Receivables 3,159 Inventories 138 133 Total current liabilities $ 3,574 Other current assets 1,105 632 Total current assets $ 4,986 $ 4,468

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,572 Costs 17,574 Depreciation 1,407 Earnings before interest and taxes (EBIT) $ 8,591 Interest expense 522 Pretax income 8,069 Federal taxes (@ 21%) 1,694 Net income $ 6,375 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Assets 2019 2018 Liabilities and Shareholders' Equity 2019 2018 Current assets Current liabilities Cash and marketable securities $ 2,341 $ 2,341 Debt due for repayment — $ 382 Receivables 1,380 1,340 Accounts payable $…
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Following are forecasts of Home Depot's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of February 3, 2019, which the company labels fiscal 2018 S millions Sales NOPAT NOA Forecast Horizon Period Terminal Period 2021 Reported 2018 2019 2020 2022 $125,515 $134,301 $143,703 $153,761 $164,525 $167,816 14,005 15,042 16,095 17,221 18,427 29,633 31,705 33,924 36,299 38,840 18,795 39,616 Answer the following requirements assuming a discount rate (WACC) of 7.85%, a terminal period growth rate of 2%, common shares outstanding of 1,105 million, net nonoperating obligations (NNO) of $31,812 million. Required a Estimate the value of a share of Home Depot's common stock using the discounted cash flow (DCF) model as of February 3, 2019. Note: Do not round until your final answer; round your final answer to two decimal places. Stock price per share: s b. Home Depot stock closed at $220.47 on March 28, 2019, the date the Form 10-K was filed with the SEC. How does your…