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 | 489 | 420 |
Inventory | 585 | 530 |
Total current assets | ________ | ________ |
Gross fixed assets | 2,639 | 2,597 |
|
|
|
Liabilities and shareholders equity |
|
|
Current liabilities |
|
|
Accounts payable | $280 | $256 |
Accrued taxes and expenses | 74 | 90 |
Statement of Income (In Millions, except Per-Share Data 31 December 2019)
Total revenues | $3,783 |
Operating costs and expenses | 1,075 |
EBITDA | _______ |
Depreciation | 167 |
EBIT | _______ |
Interest expense | 175 |
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.
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