Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Knickerdoodles, Inc. 2004 2005 Sales $ 740 $ 785 COGS 430 460 Interest 33 35 Dividends 16 17 Depreciation 250 210 Cash 70 75 Accounts

Knickerdoodles, Inc.

2004 2005

Sales $ 740 $ 785

COGS 430 460

Interest 33 35

Dividends 16 17

Depreciation 250 210

Cash 70 75

Accounts receivables 563 502

Current liabilities 390 405

Inventory 662 640

Long-term debt 340 410

Net fixed assets 1,680 1,413

Common stock 700 235

Tax rate 35% 35%

What is the free cash flow (FCF) for 2005?

$50

$245

$295

$435

$515

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Real Estate Finance

Authors: Doris Barrell

15th Edition

1475462077, 978-1475462074

More Books

Students also viewed these Finance questions