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The Mann Corporation) on mybusinesscourse. Use the Income Statement (from the problem) and the Cash Flow Statement

Calculate the Following:

EBITDA

Free cash flow

Operating funds ratio

Cash conversion ratio

THE MANN CORPORATION Consolidated Income Statement
For Year Ended ($ thousands)	2013	2012
Sales	$16,800,0000	$12,000,000
Cost of goods sold	14,000,000	10,400,000
Gross margin	2,800,000	1,600,000
Selling & administrative expenses	1,930,000	1,048,000
Depreciation expense	30,000	20,000
Income tax expense	240,000	152,000
Net income	$600,000	$380,000

CASUAL CLOTHING INC.
Consolidated Balance Sheet
	12/31/2013	12/31/2012
			Assets
Current assets
Cash and cash equivalents	$8,794	$7,352
Merchandise inventory	94,153	42,045
Accounts receivable (net)	25,700	17,800
Other current assets	35,103	25,393
			Total current assets	163,750	92,590
Noncurrent Assets
Buildings, furniture & equipment (net)	1,826,863	1,658,990
Land	2,279,946	1,458,832
Construction in process	615,722	414,725
Intangibles (net)	9,780	6,700
			Total assets	$4,896,061	$3,631,837
Liabilities & Shareholders Equity
Current liabilities
Notes payable	$779,904	$176,884
Current maturities of long-term debt	250,000	350,000
Accounts payable	167,207	185,945
Accrued expenses & other liabilities	384,209	351,710
Income taxes payable	17,824	26,263
			Total current liabilities	1,599,144	1,090,802
Long-term liabilities
Long-term debt	880,216	780,925
			Total liabilities	2,479,360	1,871,727
Shareholders equity
Common stock ($.05 par value)	146,961	146,961
Additional paid-in-capital	1,294,967	1,294,967
Retained earnings	974,773	318,182
			Total shareholders equity	2,416,701	1,760,110
Total liabilities & shareholders equity	$4,896,061	$3,631,837
CASUAL CLOTHING INC.
Consolidated Statement of Earnings
For Year Ended 12/31/13
Net sales	$13,673,460
Costs & expenses
Cost of goods sold	8,599,442
Operating expenses	3,629,257
Interest expense (net)	62,876
	12,291,575
Earnings before income taxes	1,381,885
Income taxes	504,388
Net earnings	$877,497
Cashflow from operations Netincome 877497 Add: Depr exp 123000 amortization 2700 Merch inv (52108) A/R (7900) Other Current Assets (9710) A/P (18738) Accrued exp and other liabl 32499 income taxes payable (8439) cash flow from operations 938801 Cash flow from investing N/P 603020 current matturites of long-term debt (100000) long term debt 99291 dividends paid (220,906) cash flow from financing 381405 Incr in cash 1442 Cash, beginning of year 7352 Cash, end of year 8794

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