Question
Cavaliers Systems, Inc. Balance Sheet (in Millions) Years Ended 31 December 2018 2019 Assets Current assets (Partial Information) Cash and equivalents $210 $248 Accounts receivable
Cavaliers Systems, Inc. Balance Sheet (in Millions)
Years Ended 31 December | 2018 | 2019 |
Assets |
|
|
Current assets (Partial Information) |
|
|
Cash and equivalents | $210 | $248 |
Accounts receivable | 454 | 536 |
Inventory | 586 | 566 |
Total current assets | ________ | ________ |
Gross fixed assets | 2,104 | 2,965 |
|
|
|
Liabilities and shareholders equity |
|
|
Current liabilities |
|
|
Accounts payable | $279 | $238 |
Accrued taxes and expenses | 77 | 88 |
Statement of Income (In Millions, except Per-Share Data 31 December 2019)
Total revenues | $3,412 |
Operating costs and expenses | 1,278 |
EBITDA | _______ |
Depreciation | 164 |
EBIT | _______ |
Interest expense | 114 |
Income before tax | _______ |
Taxes (at 30 percent) | _______ |
Net income | _______ |
Your task is, using information from the companys financial statements given above, estimate the company's FCFF.
If your answer is negative, please input as a negative number; and round your answer to 2 decimal places. For example, input -2,102.19.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started