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Income Statement year ending 2 0 2 3 Sales Revenues $ 1 8 0 Cost of goods sold 4 2 Fixed costs 1 5 Selling,

Income Statement year ending 2023
Sales Revenues $180
Cost of goods sold 42
Fixed costs 15
Selling, general, and administrative expenses 23
Depreciation 7
EBIT
Taxes
Net Operating Profits after Taxes (NOPAT)
*** Tax rate 30%
Dividends paid $10
Partial Balance Sheet 12/31/2022
ASSETS LIABILITIES
Current Assets Current Liabilities
Cash $4 Accruals $7
Accounts receivable 6 Accounts payable 4
Inventories 5 Total current liabilities
Total current assets Long-term debt 20
Total Liabilities
Gross Fixed assets 104 OWNERS' EQUITY
Accumulated depreciation 10 Retained earnings (1)
Net Fixed assets Common stock
Intangible assets 0 Total owner's equity
TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY
(1) These are cumulative retained earnings but textbook simply calls it retained earnings
Partial Balance Sheet 12/31/2023
ASSETS LIABILITIES
Current Assets Current Liabilities
Cash $3 Accruals $6
Accounts receivable 3 Accounts payable 4
Inventories 7 Total current liabilities
Total current assets Long-term debt 15
Gross Fixed assets 70 Total liabilities
Accumulated depreciation OWNERS' EQUITY
Net Fixed Assets Retained earnings
Intangible assets 0 Common stock
Total long-term assets Total owner's equity
TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY
When answering, round to the nearest $0.01(cent) and DO NOT use dollar signs, DO NOT USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. For example, if your result is $43.6 then enter 43.60; if it is -$3 then enter -3.00; if it is $2,456.786 then enter 2456.79
The Free Cash Flow (FCF) for 2023 is _____________
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