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Can someone please double check my work and help me compute the free cash flow? Problem 12-7A The following are the financial statements of Nosker
Can someone please double check my work and help me compute the free cash flow?
Problem 12-7A The following are the financial statements of Nosker Company Nosker Company Comparative Balance Sheets 2019 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment 2018 $38,000 20,000 14,000 20,000 78,000 30,000 27,000 60,000 (29,000) (24,000) Total $126,000 $108,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 24,000 15,000 8,000 33,000 14,000 38,000 $126,000 $108,000 7,000 27,000 18,000 50,000 Total Nosker Company Income Statement For the Year Ended December 31, 2019 Sales revenue $242,000Step by Step Solution
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