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Assume the company generated $3,300 in net operating profits after taxes. Using the information below, calculate the free cash flow for 2020 Balance Sheet as

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Assume the company generated $3,300 in net operating profits after taxes. Using the information below, calculate the free cash flow for 2020 Balance Sheet as of December 31 (Millions of Dollars) 2020 2019 2020 2019 Assets Liabilities and Equity Cash $990 $900 Accounts payable $1,263 $1,148 Short-term Investments 90 100 Accruals 550 500 Accounts Receivable 2,007 1,825 Notes payable 645 575 Inventories 4,803 4,367 Total Current Liabilities 2.458 2,223 Total Current Assets 7,890 Long-term debt 2.147 3,202 Net plant and equipment 9,607 8,733 Total Llabilities 4,606 5,425 Total Assets $17.497 $15.925 Common stock 2.400 2,500 Retained earnings 10,491 8,000 Total common equity 12,891 10.500 Total liabilities and equity $17.497 $15.925 7,191 51,856 51.745 51.882 51.782

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