Answer within 25 minutes. Answer must be correct. After check if answer is correct. I will give you 2

Don,t Use any Excel Calculation.

a) Transits Partner Corporation's statements are as following: Calculate their Free Cash Flow for the year of 2000. (10 marks) Income Statements For the Year 2000 For the Year 1999 Sales 1200 1000 1020 850 Operating cost other than non-cash outlays Non-cash charges 30 25 EBIT 150 125 Interest Expenses 21.7 20.2 EBT 128.3 104.8 Taxes (40%) 51.3 41.9 77 62.9 Net Income available to Common Shareholders Common Dividend 60.5 46.4 Balance Sheets For the year 2000 For the year 1999 Assets Cash 12 10 Account Receivables 180 150 Inventories 180 200 Total Current Assets 372 360 Fixed Assets 300 250 Total Assets 672 610 Liabilities and Equity Accounts Payables 108 90 Notes Payables 67 51.5 Accruals 72 60 Total current liabilities 247 201.5 Long term debts 150 150 Total Debt 397 351.5 50 50 Common Stock (50 million shares) Retained Earnings 225 208.5 Common equity 275 258.5 Total liability and equity 672 610