Bailey Corporation's financial statements are provided here. Balance Sheets as of December 31 Assets Cash and...

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Bailey Corporation's financial statements are provided here. Balance Sheets as of December 31 Assets Cash and equivalents Accounts Receivable Inventories Current Assets 2012 2011 10,000 13,500 20,000 22,500 15,000 10,800 45,000 46,800 Net Plant and Equipment 55,000 43,200 Total Assets 100,000 90,000 Liabilities and Equity Accounts Payable Notes Payable Accruals Current Liabilities Long-Term Bonds Total Liabilities Common Stock (5,000 shares) Retained Earnings 2012 2011 5,000 5,400 7,000 2,700 3,000 6,300 15,000 14,400 26,000 21,000 41,000 36,000 5,000 5,000 54,000 49,000 Retained Earnings Total Common Equity 54,000 49,000 59,000 54,000 Total Liabilities & Equity 100,000 90,000 Income Statement Net Sales 2012 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 Depreciation and Amortization 2,200.0 Earnings before interest and taxes (EBIT) 37,400.0 Interest Earnings before taxes (EBT) Taxes 40% Net Income What was Bailey's 2012 free cash flow? 3,300.0 34,100.0 13,640.0 20,460.0 What was Bailey's 2012 free cash flow? $8,740 $13,040 $6,540 $10,940 Previous Page Next Page Page 5 of 13 Bailey Corporation's financial statements are provided here. Balance Sheets as of December 31 Assets Cash and equivalents Accounts Receivable Inventories Current Assets 2012 2011 10,000 13,500 20,000 22,500 15,000 10,800 45,000 46,800 Net Plant and Equipment 55,000 43,200 Total Assets 100,000 90,000 Liabilities and Equity Accounts Payable Notes Payable Accruals Current Liabilities Long-Term Bonds Total Liabilities Common Stock (5,000 shares) Retained Earnings 2012 2011 5,000 5,400 7,000 2,700 3,000 6,300 15,000 14,400 26,000 21,000 41,000 36,000 5,000 5,000 54,000 49,000 Retained Earnings Total Common Equity 54,000 49,000 59,000 54,000 Total Liabilities & Equity 100,000 90,000 Income Statement Net Sales 2012 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 Depreciation and Amortization 2,200.0 Earnings before interest and taxes (EBIT) 37,400.0 Interest Earnings before taxes (EBT) Taxes 40% Net Income What was Bailey's 2012 free cash flow? 3,300.0 34,100.0 13,640.0 20,460.0 What was Bailey's 2012 free cash flow? $8,740 $13,040 $6,540 $10,940 Previous Page Next Page Page 5 of 13