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ACC306 Financial Statement Analysis (FSA) Assignment

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Financial Statement Analysis (ACC306)

   

Added on  2020-05-28

ACC306 Financial Statement Analysis (FSA) Assignment

   

Financial Statement Analysis (ACC306)

   Added on 2020-05-28

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Running head: FINANCIAL STATEMENT ANALYSISFinancial Statement AnalysisName of the Student:Name of the University:Author’s Note:Course ID:
ACC306 Financial Statement Analysis (FSA) Assignment_1
1FINANCIAL STATEMENT ANALYSISTable of ContentsChapter 4: A Discounted Cash Flow Valuation: General Mills, Inc...............................................2Part A:..........................................................................................................................................2Part B:..........................................................................................................................................3Chapter 11: Free Cash Flow for Kimberly-Clark Corporation........................................................3Part A:..........................................................................................................................................3Part B:..........................................................................................................................................4References:......................................................................................................................................5
ACC306 Financial Statement Analysis (FSA) Assignment_2
2FINANCIAL STATEMENT ANALYSISChapter 4: A Discounted Cash Flow Valuation: General Mills, IncPart A:In the above case, it is assumed that the free cash flow (FCF) would remain at the samelevel in 2009 after that particular year. FCF is computed by subtracting investing cash flowsfrom operating cash flows for the provided years (Chandra 2017). After this, the value of thediscounting factor is computed and it is multiplied with the discount rate to arrive at the totalpresent value (PV) until 2009. The continuing value (CV) is computed by dividing the FCF of2009 by the discount rate. Accordingly, the calculation of PV of CV is made by dividing the CVby the discounting factor value of 2009. Based on these values, the enterprise value (EV) iscalculated by dividing the free cash flow of each year by the discounting factor and then they areadded together with the continuing value divided by the discounting factor of the year 2009. Since the net debt is provided, the equity value is arrived by subtracting it from EV.Moreover, the number of outstanding shares and market value per share has been identified fromthe case study. Based on such information, the book value per share is calculated by dividing theequity value by number of outstanding shares. Finally, the value-to-price ratio is obtained bydividing the book value per share by market value per share (Chen, Sun and Xu 2016).
ACC306 Financial Statement Analysis (FSA) Assignment_3

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