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Balance Sheets: 2017 2016 $100 $85 300 275 375 250 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets
Balance Sheets: 2017 2016 $100 $85 300 275 375 250 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $750 2,300 $3,050 $635 1,490 $2,125 $85 $150 75 50 75 150 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $375 450 1,225 1,000 $3,050 $210 290 1,225 400 $2,125 Income Statements: 2017 2016 $1,600 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT $2,900 1,250 $1,650 100 $1,550 62 $1,488 595 1,000 $600 75 $525 45 Interest EBT Taxes (40%) Net income $480 192 $288 $893 Dividends paid Addition to retained earnings $53 $600 $48 $240 Shares outstanding Price WACC 100 $25.00 10.00% 100 $22.50 The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given above, what is Rosnan's 2017 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. S 80
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