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a. What is the change in operational Net Working Capital in 2019? b.What is the capital expenditure (change in fixed assets at cost) in 2019?

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a. What is the change in operational Net Working Capital in 2019?

b.What is the capital expenditure (change in fixed assets at cost) in 2019?

c.What is the tax-adjusted net interest expense in 2019?

d.What is the free cash flow (FCF) in 2019?

e.What is the change of FCF in 2019 if the Interest expense in 2019 was decreased by $10,000?

Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Interest expense Depreciation $350,200 $142,000 $43,000 $27.800 $10,000 $45,800 Tax rate 40% ASSETS Cash Accounts receivable Inventories Gross Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 2018 LIABILITIES $16,100 Notes payable $27.800 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,000 Accumulated retained earnings $81,900 Common stock $14,200 $18.800 $189.900 $131,900 ASSETS Cash and marketable securities Accounts receivable Inventories Gross Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 2019 LIABILITIES $26.000 Notes payable $19,200 Accounts payable $53,200 Long-term debt $448,200 OWNERS' EQUITY Accumulated retained earnings $82.000 Common stock $11.800 $24,100 $161,800 $181.900

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