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Below are the 2017 and 2018 year-end balance sheets for Company XYZ Assets Cash Accounts receivable Inventones Total current assets Net fixed assets Total assets

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Below are the 2017 and 2018 year-end balance sheets for Company XYZ Assets Cash Accounts receivable Inventones Total current assets Net fixed assets Total assets Liabilities and equity 2017- $ 200,000 864,000 19000.000 $2,064,000 6.000.000 $8.064.000 2018 $ 170,000 700,000 1.400.000 $2,270,000 5.600.000 $7.870.000 Accounts payable $400,000 $1,090,000 Notes payable to bank 1.600.000 1.800.000 Total current liabilities $2.000.000 $2.890,000 Long-term debt 2,400,000 2,400,000 Common stock 3,000,000 2,000,000 664.000 580.000 Total common equity $3.664.000 Total liabilities and equity $8.064.000 $7.870.000 Compute the company 2017 Net Working Capital (NWC). Round to nearest cents (2 decimal places) $64,000 Retained earnings $2.580.000 QUESTION 4 Using the financial statement in Problem 3 (above) and assume the company's 2018 Income Statement depreciation and amortization is $50,000, its EBIT is $200,000, its tax rate is 20%, what is the 2018 Free Cashflow (FCF? Round to nearest cents (2 decimal places)

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