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Mba
Mba
A B A B
Assets 1000 1000 Assets 1000 1000 Assets
Equity 500 800 Equity 500 800 Equity
Debt 500 200 Debt 500 200 Debt
ROA 20% 20% ROA 5% 5% ROA
EBIT 200 200 EBIT 50 50 EBIT
Int(10%) 50 20 Int(10%) 50 20 Int(10%)
EAIBT 150 180 EAIBT 0 30 EAIBT
Taxes 75 90 Taxes 0 15 Taxes
Profit 75 90 Profit 0 15 Profit
EPS 1.5 1.125 EPS 0 0.1875 EPS
Part 2
Base Information Case 1 Case 2 Case 3
A A A
Assets 1000 Assets 1000 Assets 1000 Assets
Equity 500 Equity 100 Equity 200 Equity
Debt 500 Debt 900 Debt 800 Debt
ROA 20% ROA 20% ROA 20% ROA
EBIT 200 EBIT 200 EBIT 200 EBIT
Int(10%) 50 Int(10%) 90 Int(10%) 80 Int(10%)
EAIBT 150 EAIBT 110 EAIBT 120 EAIBT
Taxes 75 Taxes 55 Taxes 60 Taxes
Profit 75 Profit 55 Profit 60 Profit
EPS 1.5 EPS 5.5 EPS 3 EPS
ROA= 10% ROA= 15% ROA= 20%
A B A B A B
1000 1000 Assets 1000 1000 Assets 1000 1000
500 800 Equity 500 800 Equity 500 800
500 200 Debt 500 200 Debt 500 200
10% 10% ROA 15% 15% ROA 20% 20%
100 100 EBIT 150 150 EBIT 200 200
50 20 Int(10%) 50 20 Int(10%) 50 20
50 80 EAIBT 100 130 EAIBT 150 180
25 40 Taxes 50 65 Taxes 75 90
25 40 Profit 50 65 Profit 75 90
0.5 0.5 EPS 1 0.8125 EPS 1.5 1.125
Case 7 Case 8
A A
Assets 1000 Assets 1000
Equity 800 Equity 900
Debt 200 Debt 100
ROA 20% ROA 20%
EBIT 200 EBIT 200
Int(10%) 20 Int(10%) 10
EAIBT 180 EAIBT 190
Taxes 90 Taxes 95
Profit 90 Profit 95
EPS 1.125 EPS 1.055556