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8. Use the following data in in the back for YAVIS Corp for the next 2 questions Balance Sheets - as of 5/1/20XX (all

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8. Use the following data in in the back for YAVIS Corp for the next 2 questions Balance Sheets - as of 5/1/20XX (all numbers in $$Millions) Year ending 5/1/ Cash Accounts Receivables Inventory Current Assets 20X1 20X2 100 120 140 160 210 190 450 470 Gross Fixed Assets Accumulated Depreciation Net Fixed Assets 2,000 2,330 1,400 1,600 600 730 Total Assets 1,050 1,100 Accounts Payables Notes Payables Current Liabilities Long-term Debt Common Stock 100 140 200 210 300 350 210 300 240 200 Retained Earnings 300 350 Income Statements For Year Ending 5/1/ 20X1 20X2 Sales 1,535 1,780 -Cost of Goods Sold 900 1,000 Gross Profit 635 780 Depreciation Expense 240 200 Selling, General and Administrative Expenses 250 300 Earnings Before Interest and Taxes (Operating Profit) 145 280 Interest Expense 20 30 Earnings before Tax 125 250 Tax (20%) 25 50 Net Income 100 200 Dividends paid 75 150 a) What is YAVIS Corp's Free Cash Flow to the firm for 20X2? b) What is YAVIS Corp's Free Cash Flow to Equity for 20X2?

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