Balance Sheets as of December 31 2018 2017 $ 15,000 35,000 33,320 $ 83,320 $ 14,000 30,000 27,000 $ 71,000 48,000 46,000 $ 117,000 $131,320 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity $ 10,100 8,000 $ 9,000 6,000 5,050 7,000 $ 20,050 $ 25,100 20,000 $ 45,100 40,000 46,220 20,000 $ 40,050 40,000 36,950 $ 76,950 $ 117,000 $ 86,220 $131,320 Income Statement for Year Ending December 31, 2018 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization $210,000 160,000 $ 50,000 6,000 CRIT C Ann Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity 8,000 7,000 $ 25,100 20,000 $ 45,100 40,000 46,220 0,000 5,050 $ 20,050 20,000 $ 40,050 40,000 36,950 76,950 $ 117,000 $ 86,220 $131,320 Income Statement for Year Ending December 31, 2018 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT $210,000 160,000 $ 50,000 6,000 $ 44,000 5,350 $ 38,650 15,460 $ 23,190 $ 13,920 Interest EBT Taxes (40%) Net income Dividends paid 2.09 Refer to the financial statements of the AA company from the previous question and answer the following question: Question 2: What was NOWC for 2018? Show the calculation and circle your answer. Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. Instruction: Do not round your result. Only enter a numerical value; do not enter any dollar, S, or % symbol. When you attach a file (part 2) showing your work, write down the equation that you need to use to solve this problem. Next, plug in all the given information. (If you use an online calculator, give the link in your uploaded file). QUESTION 6 Refer to the financial statements of the AA company from the previous question and answer the following question: Question 3: Calculate the Free Cash Flow in 2018. Instruction: Do not round your result. Only enter a numerical value; do not enter any dollar, $, or % symbol. When you attach a file (part 2) showing your work, write down the equation that you need to use to solve this problem. Next, plug in all the given information. (If you use an online calculator, give the link in your uploaded file)
