11 Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 decimal places.) 25 points Income statement eBook 2017 415 208 285 References Monarch Textiles, Inc. ($ thousands) Selected balance sheet items 2017 2016 1,130 Current assets 310 710 Net fixed assets 104 105 Current liabilities 205 52 50 213.00 85.20 127.80 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income cash flow