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At year-end 2002. Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $3000 Comesponding entries for 2003 are $1600, $2000,

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At year-end 2002. Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $3000 Comesponding entries for 2003 are $1600, $2000, and $6000 Asset values are below. During 2003. Yung.com had sales of $1000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently Current Asset 2002 2003 Cash $600 $300 Marketable secures 400 300 Accounts receivable 900 800 Inventory 1800 2000 Fixed Assets Net Fixed Asset (PlantEquipment) 34000 $5000 In 2003, the Free Cash Flow (from Assets)

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