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Given the following Income Statement and Balance Sheet, find the Free Cash Flows (FCF). (8 Points) Income Statement 2019 2018 Sales $45,000 $50,000 -42,500 -
Given the following Income Statement and Balance Sheet, find the Free Cash Flows (FCF). (8 Points) Income Statement 2019 2018 Sales $45,000 $50,000 -42,500 - Operating Costs 38,250 400 - Depreciation Expense 400 7.100 100 Earnings Before Interest & Taxes 6,350 Interest Expense 100 Earnings before Tax 6.250 7,000 2,100 Taxes (30%) 1,875 $4,900 Net Income available to Common $4,375 Balance Sheet Assets Cash 2.250 $ 2,500 $ 500 Short-term Investments 450 12.500 Accounts Receivable 11,250 7,500 23,000 Inventories 6.750 Total Current Assets 20,700 Net Plant & Equipment 15,750 Total Assets $36,450 17.500 $40,500 Liabilities & Equity Accounts Payable 4.500 4,000 2.300 Accruals 2,250 Notes Payable 1570 1670 7.970 Total Current Liabilities 8,320 5,000 Long-Term Debt 4.500 Total Liabilities $12,820 $12.970 $21,600 Common Stock $21,600 5,930 Retained Earnings 2.030 $27,530 Total Common Equity $23,630 $40,500 Total Liabilities & Equity $36,450 Given the following Income Statement and Balance Sheet, find the Free Cash Flows ( (FCF)
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