2018 124 Fat Tire Ale Company Income Statement Income Statement Sales Less: Cost of Goods Sold Gross Profit Less: Other Operating Expenses EBITDA (Earnings Before Interest, Taxes, Depreciation & Amt). Less: Depreciation & Amortization EBIT (Earnings Before Interest & Taxes) Less: Interest EBTEarnings Before Taxes.le. Faxable income) Less: Taxes Net Income Less: Common Stock Dividends Addition to retained Earnings $ $ s $ S $ S $ S $ $ S $ (60) 64 124) 40 (12) 28 (8) 20 17) 13 13 2017 US Current Assets Assets Cash Accounts Receivable Inventory Total Fat Tire Ale Company Balance Sheet 2018 Llabilities & Equity 2018 2017 24 S 24 Current Liabilities Accrued Wages & Taxes S 67 $ 56 22 30 Accounts Payable S 102S 104 1605 144 Notes Payable $ 31S 29 206 S 198 Total $ 200S 189 S $ S $ $ 157 $ 357 S 140 329 Fixed Assets Gross Plant & Equipment Less: Depreciation Net Total Fixed Assets Other Assets $ s $ $ 305 $ 277 Long-Term Debt 121) 5 19) Total Debt 284 5268 33 S 33 Stockholder's Equity Common Stock Retained Earnings Total Equity 523 $ 499 Total Liabilities & Equity * 50 million shares outstanding $ $ $ $ 1345 325 166 5 523 S 151 19 170 499 5 Total Assets the 32 33 34 35 36 37 38 39 Free Cash Flow Use this template to prepare a statement of Free Cash Flows for FTA. Your figures should be in millions and some entries could be zero. Please use one decimal place of precisione every number should wex EBIT Compute implied Tax Rate / two decimals) - Implied Taxes Depreciation +/-Change in Net Operating Working Capital +/-Change in Long-Term Capital Free Cash Flow 16 . You are comparing BOCK to a rival beer company, Fat Tire Ale (NYSE Ticker FTA). FTA financial statements are located in the Appendix in GREEN FTA shares are trading at $5.20 per share. Calculate the Cash Ratio for 2018 (to two decimal places). 16 17 18 Compute Total Assets Turnover Ratio for 2018 (to two decimal places). Compute Debt-To-Equity Ratio for 2018 (to two decimal places). Compute ROE for 2018 (ROE is a %, please compute to two decimal places). Compute Price-to-Earnings Ratio for 2018 (to two decimal places). 19 20 op