Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 decimal places.) Income statement Monarch Textiles, Inc. (s thousands) Selected balance sheet items 2017 2016 1,220 Current assets 340 740 Net fixed assets 116 120 Current liabilities 229 58 50 252.ee 109.80 151.20 2017 460 232 309 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Net income Free cash flow S 34.4 1 Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 decimal places.) ) 10 points Income statement 2017 460 232 3ea eBook Monarch Textiles, Inc. (s thousands) Selected balance sheet items 2017 2016 1,220 Current assets 340 740 Net fixed assets 116 129 Current liabilities 220 58 50 252.00 188.80 151.20 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Print References Free cash flow $ 34.4