Question
Bailey Corporations financial statements are provided here. Balance Sheets as of December 31 Assets 2012 2011 Cash and equivalents 10,000 13,500 Accounts Receivable 20,000 22,500
Bailey Corporations financial statements are provided here. Balance Sheets as of December 31 Assets 2012 2011 Cash and equivalents 10,000 13,500 Accounts Receivable 20,000 22,500 Inventories 15,000 10,800 Current Assets 45,000 46,800 Net Plant and Equipment 55,000 43,200 Total Assets 100,000 90,000 Liabilities and Equity 2012 2011 Accounts Payable 5,000 5,400 Notes Payable 7,000 2,700 Accruals 3,000 6,300 Current Liabilities 15,000 14,400 Long-Term Bonds 26,000 21,600 Total Liabilities 41,000 36,000 Common Stock (5,000 shares) 5,000 5,000 Retained Earnings 54,000 49,000 Total Common Equity 59,000 54,000 Total Liabilities & Equity 100,000 90,000 Income Statement 2012 Net Sales 44,000.0 Operating Costs excluding depreciation and amortization 4,400.0 Earnings before interest, taxes, depreciation and amortization (EBITDA) 39,600.0 Depreciation and Amortization 2,200.0 Earnings before interest and taxes (EBIT) 37,400.0 Interest 3,300.0 Earnings before taxes (EBT) 34,100.0 Taxes 40% 13,640.0 Net Income 20,460.0 What was Baileys 2012 free cash flow? Question 5 options: A$8,740 B$6,540 C$13,040 D$10,940
the BOLD are 2012, other numbers 2011*
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