Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

balance sheets and income statements to solve this problem All numbers are in million dollars Company X Balance Sheet 2020 2019 Company X Balance Sheet

image text in transcribed
balance sheets and income statements to solve this problem All numbers are in million dollars Company X Balance Sheet 2020 2019 Company X Balance Sheet 2020 2019 Cash and catheqahvalent 2,761 2,879 Accounts payable 3,022 7251 Short-rem investments 954 1,029 Accruals 9,290 3.559 Accounts receivable 5,321 4,306 Notes Payables 9,981 8,472 Total inventories 7,379 6384 Long-term debit 22,033 21,360 Other receivables 5.548 4,148 Other borrowing 21,027 21001 TOTAL CURRENT ASSETS 21,970 18,732 TOTAL LIABILITIES 70.35) 66,733 Net Property Plants et PPE) 21,291 19,244 Common stock paid Cap 58,134 58,134 Oh long-term as 95,091 90,146 Ratindeaning 9,867 3,105 TOTAL ASSETS 138,354 128,172 TOTAL LIAB & EQUITY 138,354 128,172 All numbers are in million dollars Company X Income Statement 2010 2019 NET SALES 82,359 78.935 Cost of products sold 40,768 37,919 Selling gendeinstrative expense 23,135 21,80 Depreciation expense 2,000 3,105 OPERATINO INCOME 15,818 16,021 974 EARNINOS BEFORE DNCOME TAXES 15,119 15,047 Tecome taxes 3,392 3.30 NET INCOME 11,797 11,617 Total Dividends Payments 5.235 5,116 Calculate the firm's free cash flow (FCF) during 2020 and carefully explain the meaning of the free cash flow you calculated to this company investors

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Montgomery Auditing Continuing Professional Education

Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly

12th Edition

0471346055, 978-0471346050

More Books

Students also viewed these Accounting questions

Question

7.59 Explain the difference between an x chart and a p chart.

Answered: 1 week ago