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2. Given the financial data for Federer, Inc.: For the year ended December 31, 2018 2019 Depreciation $ 6,000 EBIT 30,000 Interest Expenses 3,000 Taxes

2. Given the financial data for Federer, Inc.:

For the year ended December 31,

2018 2019

Depreciation

$ 6,000

EBIT

30,000

Interest Expenses

3,000

Taxes

8,000

Cash

$21,000

25,000

Accounts Receivable

39,000

45,000

Inventory

29,000

30,000

Net fixed assets

23,000

26,000

Accounts payable

25,000

30,000

Notes payable

50,000

40,000

Accruals

1,000

2,000

Calculate Operating Cash Flow (OCF) and Free Cash Flow (FCF) for the year of 2019. (5)

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