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Calculate free cash ow for 201? for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interestbearing liabilities

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Calculate free cash ow for 201? for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interestbearing liabilities and that no xed assets were sold or disposed of during 2017. [Enter your answer in 10005.) Monarch Textiles: Inc. {$ thousands} Income statement Selected belence sheet items 201? 2016 201? Sales 1,3?0 Current assets 390 535 Cost of sales 390 Net fixed assets 136 232 Operating expenses 145 Current liabilities 245 325 Depreciation 63 Interest expense 50 Earnings before taxes 317.00 Tax 126.00 Net income 190.20 _

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