8) The latest balance sheet and income statement for Coleco Corporation are below: 2016 2017 Assets Cash and equivalents 57,600 7.282 Accounts receivable 351,200 632,160 Inventories 715,200 1.287,360 Total current assets 1,124,000 1,926,802 Net fixed assets 344.800 939,790 Total Assets 1,467.800 2.866.592 - Liabilities and Equity Accounts payable Accruals Notes Payable Total current liabilities Long-term bonds Common Equity: Common stock (100,000 shares) Retained earnings Total common equity Total liabilities & equity 145,600 136,000 200.000 481,600 323,432 524,160 489,600 636,808 1,650,568 723,432 460,000 230.768 663,768 1.467.800 460,000 32.592 492,592 2.866.592 2017 Income Statement Sales Operating costs Depreciation and amortization - EBIT - Interest Expenses - - Taxes (@40%) Net Income 2016 3,432,000 3,222,672 18.900 190,428 43,828 146,600 58.640 87.960 6,034,000 6,047,988 116,960 (130,948) 136,012 (266,960) (106.784 (160.176 a) Estimate Net Operating Working Capital for 2016 and 2017 b) Estimate Capex for 2017. c) Estimate Coleco's 2017 Free Cash Flow. Sudha Krishnawami Lecture Notes