E-BMTEFBC

E-BMTEFBC - Table 13-6.Determining Borrowing Capacity Year...

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Table 13-6.Determining Borrowing Capacity Year 0 Year 1 Year 2 Year 3 Year 4 Assumptions: Sales Growth % 0 1.05 1.05 1.05 1.05 Cost of Sales (COS) as % of Sales 0.5 0.5 0.5 0.5 0.5 0.1 0.1 0.1 0.1 0.1 Depreciation as % of Sales 0.03 0.03 0.03 0.03 0.03 Amortization as % of Sales 0.01 0.01 0.01 0.01 0.01 0.03 0.03 0.03 0.03 0.03 Interest on Senior Debt % 0.07 0.07 0.07 0.07 0.07 Interest on Subordinated Debt % 0.09 0.09 0.09 0.09 0.09 Tax rate 0.4 0.4 0.4 0.4 0.4 Cash & Marketable Securities as % Sales 0.01 0.01 0.01 0.01 0.01 Change in Working Capital as % of Sales 0.02 0.02 0.02 0.02 0.02 Capital Expenditues as % of Sales 0.03 0.03 0.03 0.03 0.03 ($Millions) Sales 500.0 525.0 551.3 578.8 607.8 Less: Cost of Sales 250.0 262.5 275.6 289.4 303.9 Less: Sales, General Admin. Exp. 50.0 52.5 55.1 57.9 60.8 Equals: EBITDA 200.0 210.0 220.5 231.5 243.1 Less: Depreciation 15.0 15.8 16.5 17.4 18.2 Less: Amortization
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This note was uploaded on 01/28/2011 for the course FIN 315 taught by Professor Welker during the Spring '09 term at IUP.

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E-BMTEFBC - Table 13-6.Determining Borrowing Capacity Year...

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