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A recent annual income statement for Stone Creek Roofing is shown below. ? Net sales $5,000 Cost of sales 3, 200 Gross profit 1, 800

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A recent annual income statement for Stone Creek Roofing is shown below.

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Net sales $5,000 Cost of sales 3, 200 Gross profit 1, 800 Operating expense 800 Depreciation expense 200 Operating income 800 Interest expense 100 Income before tax 700 Tax 175 Income after tax $ 525 ssume that during the year, Stone Creek spent $180 on new capital equipment and increased current assets net of non-interest-bearing current liabilities by $120. What was Stone Creek's free cash flow in this year? Multiple Choice O None of the options are correct. O $725 O $700 O $740 O $500 O $425

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