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Fourth accounting question is in the attachment. Thank you. 4, Following are the balance sheet and income statement for Deepthi Inc. What is the free
Fourth accounting question is in the attachment. Thank you.
4, Following are the balance sheet and income statement for Deepthi Inc. What is the free cash flows to thc firm (FCFF) for 2016 for thc Deepthi? Assume that changc in cash required for liquidity is zero. (10 pts) Deepthi Inc. Balance Sheet at December 31 Cash Accounts Receivable Inventories Total Current Assets plant Assets, Net Total Assets Accounts Payable Accrued Liabilities Total Current Liabilities Long-term Debt Total Stockholder's Equity Total Liabilities and Equity Deepthi Inc. 2016 $ 3,146 2,776 10,036 15,958 28,974 $44,932 2015 $ 2,858 2,592 8,814 14264 26,250 $40,514 $ 2,382 1940 4,322 10234 30,376 $44,932 Income Statement for the year ended December 31 Revenues Cost of Books Sold Gross Profit Selling, General and Admin Expenses Operating Profit Interest Expense Pretax Income Income Tax Expense Net Income 2016 $35,604 19,996 15,608 6,883 8725 550 8,175 3,025 $ 5,150 $ 1,999 1,790 3,789 8,093 28,632 $40,514 2015 $31,840 18,028 13,812 6214 7.598 500 7,098 2626 $ 4,472
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