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Below is a (partial) copy of New Jersey Tool's most recent income statement and balance sheet (all numbers are in millions): Income Statement Current Year
Below is a (partial) copy of New Jersey Tool's most recent income statement and balance sheet (all numbers are in millions):
Income Statement | |
Current Year | |
Sales | 2328 |
COGS | 1214 |
SG&A | 298 |
Depreciation | 454 |
Interest Expense | 138 |
Tax Rate | 28% |
Balance Sheet | ||
Current Year | Prior Year | |
Assets | ||
Cash | 590 | 743 |
A/R | 1201 | 1113 |
Inventory | 929 | 821 |
Net PP&E | 1074 | 895 |
Liabilities | ||
A/P | 642 | 615 |
Bonds Payable | 1074 | 1243 |
What was New Jersey Tool's free cash flows (in millions)?
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