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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

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.)

Monarch Textiles, Inc. ($ thousands)
Income statement Selected balance sheet items
2017 2016 2017
Sales 1,190 Current assets 330 445
Cost of sales 730 Net fixed assets 112 224
Operating expenses 115 Current liabilities 215 295
Depreciation 56
Interest expense 50
Earnings before taxes 239.00
Tax 95.60
Net income 143.40

Free cash flow =

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