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Assume the company generated $3,400 in net operating profits after taxes. Using the information below, calculate the free cash flow for 2020. 2020 2019 $1,634
Assume the company generated $3,400 in net operating profits after taxes. Using the information below, calculate the free cash flow for 2020. 2020 2019 $1,634 $1,436 550 500 Balance Sheet as of December 31 (Millions of Dollars) 2020 2019 Liabilities and Assets Equity Cash $1,026 $900 Accounts payable Short-term 90 100 Accruals Investments Notes Accounts Receivable 1,968 1,726 payable Total Current Inventories 4.971 4,367 Liabilities Total Current 8,055 7,093 Assets Long-term debt Net plant and 9.943 8.733 Total Liabilities equipment 645 575 2,829 2,511 2.173 2,815 5,002 5,326 Total Assets $17.998 $15,826 2.400 2.500 10.595 8,000 Common stock Retained earnings Total common equity Total liabilities and equity 12.995 10.500 $17.998 $15.826 51739 51467 51423
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