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Financial Information for Chick Pty Ltd the year ended 31 December 2019 2019 2018 $ $ Current assets 1,027 834 Fixed Assets 1,514 1,223 Total
Financial Information for Chick Pty Ltd the year ended 31 December 2019 2019 2018 $ $ Current assets 1,027 834 Fixed Assets 1,514 1,223 Total Assets 2,541 2,057 Total Liabilities 1,379 1,155 Common stock 580 540 Paid in capital in excess of par 340 150 Retained earnings 242 212 2,541 2,057 Cash balances increased by $20 and they are included in current assets. Total liabilities comprise of debt, notes payables and accounts payables. Net income for chick Pty Ltd for the year ended 31 December 2019 was $ 70. Required: Calculate the free cash flows to equity for Chick Pty Ltd
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