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If the tax rate is 21%, determine the Free Cash Flow for 2020 2019 2020 2019 2020 Net sales $626,032 $683,640 Property, plant and equipment,

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If the tax rate is 21%, determine the Free Cash Flow for 2020 2019 2020 2019 2020 Net sales $626,032 $683,640 Property, plant and equipment, net $61,808 $66,388 Cost of sales $351,384 $426,424 Accounts payable $84,700 $89,468 Total operating expenses $53,684 $61,220 Accrued expenses $45,656 $55,424 Operating income $220,964 $195,996 Notes payable $3,492 $7,640 Accounts receivable $43,720 $52,408 Current portion of LT debt $3,112 $3,380 Inventories $3,164 $7,056 If the tax rate is 21%, determine the Free Cash Flow for 2020 2019 2020 2019 2020 Net sales $626,032 $683,640 Property, plant and equipment, net $61,808 $66,388 Cost of sales $351,384 $426,424 Accounts payable $84,700 $89,468 Total operating expenses $53,684 $61,220 Accrued expenses $45,656 $55,424 Operating income $220,964 $195,996 Notes payable $3,492 $7,640 Accounts receivable $43,720 $52,408 Current portion of LT debt $3,112 $3,380 Inventories $3,164 $7,056

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