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E2.16 For 2020, Montgomery, Inc. had net operating profit after tax (NOPAT) of $3,150. Montgomery's balance sheet for 2019 and 2020 is: 2019 2020
E2.16 For 2020, Montgomery, Inc. had net operating profit after tax (NOPAT) of $3,150. Montgomery's balance sheet for 2019 and 2020 is: 2019 2020 Cash.... $ 3,590 $ 4,260 Accounts receivable... 5,650 8,340 Inventory.... 10,240 11,460 Property and equipment, net 21,840 26,110 Goodwill.... 13,160 14,310 Other operating assets. 3,450 4,720 Accounts payable ... 10,400 13,310 Accrued expenses and other 10,350 13,740 Unearned revenues 3,120 4,770 Long-term debt.. 7,680 8,350 Common stock.. 18,840 18,930 Retained earnings 7,540 10,100 b. Calculate Montgomery's 2020 free cash flow (FCF).
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