New York University Stern School of Business ACCOUNTING MISC
C1: NI - Dividends- Change in RE =0 0.00 C2: Net cash flow - Change in cash =0 0.00 C3: Assets - Liabilities - Equities =0 0.00 C4: Indirect OCF - Direct OCF = 0 (0.00) C5: Net operating assets - invested capital = 0 0.00 Inputs Year 1 Sales and sales growth 100.00 COGS [excluding depreciation] as % of sales 52.00% Salaries and wages as % of sales 10.00% Advertising expense as % of sales 5.00% Depreciation expense as % of sales 20.00% Interest expense rate for AVERAGE short-term debt 5.00% Interest expense rate for AVERAGE long-term debt 6.00% Interest income rate on AVERAGE cash 1.00% Tax rate 25.00% Balance sheet All numbers below are for ending balances Cash needed for liquidity as % of current year sales 2.00% Number of days in a year 360.00d Days of receivables: Use current year sales 30.00d Days of inventory: Use current year COGS 120.00d Days of prepaid advertising: Use current year advertising expense 45.00d Days of payables to suppliers o
