Chapter 13 For this year, the company reported net income as follows: $275 Sales .... Cost of goods sold ... Gross margin Selling and administrative expenses Net income 150 125 90 $ 35 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year. Statement of Cash Flows; Free Cash Flow LO13-1,LO13-2 013-3 BERCISE 13-6 Prepare a Statement of Cash Flo Comparative financial statement data for Carmono Company follow: This Year Last Year $ 3 $ 6 24 22 50 Assets Cash and cash equivalents Accounts receivable Inventory .. Total current assets .... Property, plant, and equipment Less accumulated depreciation .... Net property, plant, and equipment Sale lale e $250 $36 $ 40 145 Total assets.. Liabilities and Stockholders' Equity Accounts payable.. Common stock .. Retained earnings al liabilities and stockholders' equity.. 39 150 60 $250 |