Income Statement 2007 2007 $15 $45 $750 $300 Balance Sheet Assets Cash Accounts receivable Inventory Current assets Gross PPE Accumulated depreciation Total Assets $90 2008 $30 $90 $120 $240 $1,200 $570 $870 $450 $90 $150 $900 $420 $630 $360 2008 $900 $360 $540 $105 $435 $150 $285 $45 $240 Sales Cost of goods so Gross profit SG&A EBITDA Depreciation EBIT Interest expens Pre-tax earning Taxes (30%) Net Income $120 $240 $30 $210 2008 $60 $72 2007 $60 $30 $90 $63 $147 $168 Liabilities Accounts payable Short-term debt Current liabilities Long term debt Common stock Retained earnings Total liabilities and Equity $60 $120 $342 $300 $150 $150 $258 $90 $630 $870 1. Calculate Free Cash Flow 2. Calculate Cash Flow from Financing (hint: Dividends aren't given, how will you calculate them?)