Question
Income Statement data Year 12 (in 000s) Net Revenues from Footwear Sales $ 350,000 Operating Profit (Loss) 100,000 Net Profit (Loss) 63,000 Balance Sheet Data
Income Statement data Year 12
(in 000s)
Net Revenues from Footwear Sales $ 350,000
Operating Profit (Loss) 100,000
Net Profit (Loss) 63,000
Balance Sheet Data
Cash on Hand 10,000
Total Current Assets 70,000
Total Assets 313,000
Overdraft Loan Payable 5,000
1-Year Bank Loan Payable 10,000
Current Portion of Long-term Loans 17,000
Total Current Liabilities 48,000
L-T Bank Loans Outstanding 90,000
Year 11 Year 12 Year 12
Shareholder Equity: Balance Change Balance
Common Stock 10,000 0 10,000
Additional Capital 123,000 0 123,000
Retained Earnings 29,000 13,000 42,000
Total Shareholder Equity 162,000 +13,000 175,000
Other Financial Data
Depreciation 11,650
Dividend Payments 15,000
Based on the above figures, the company's "free cash flow" in Year 12 was
a. $63,000
b. ($3,350)
c. $59,650
d. $38,500
e. None of these
If you could please show your work that would help alot. Thanks!!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Oxford Handbook Of Credit Derivatives
Authors: Alexander Lipton, Andrew Rennie
1st Edition
0199546789, 978-0199546787
