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Glven the information below, determine the free cash flow for 2014. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and taxes

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Glven the information below, determine the free cash flow for 2014. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earnings before taxes Taxes (40%) Net income Common dividends 2014 $24,800.00 $14,880.00 $9,920.00 $920.00 $9,000.00 $112.00 $8,888.00 $3,555.20 $5,332.80 $2,082.00 2013 $22,000.00 $13,200.00 $8,800.00 -$800.00 $8,000.00 $160.00 $7,840.00 $3,136.00 $4,704.00 $2,352.00 2014 2013 Balance Sheet (In Thousands) Assets Cash and marketable securities Accounts receivable Inventories Total current assets Net fixed assets (PP&E) Total assets $1,200.00 $5,565.00 $7,440.00 $14,205.00 $9,200.00 $23,405.00 $1,000.00 $5,000.00 $6,000.00 $12,000.00 $8,000.00 $20,000.00 Total current assets Net fixed assets (PP&E) Total assets $14 205 00 $9,200.00 $23 405.00 $12,000 00 $9.000.00 $20.000 00 Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock (2 million shares) Retained earnings Total common equity Total liabilities and equity $6,500.00 $400.00 $3,254.20 $10,154.20 $1,000.00 $11,154.20 $6,000.00 $6,250.80 $12,250.80 $23.405.00 $6,000.00 $1,000.00 $3,000.00 $10,000.00 $1,000.00 $11,000.00 $6,000.00 $3,000.00 $9,000.00 $20,000.00 0 $3,028 O $2,368 0 $2,939 0 $2,749 0 $2,868

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