Make sure you pay special attention to this. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Enter your answer in 1000s.)

Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Enter your answer in 1000s.) Income statement Monarch Textiles, Inc. ($ thousands) Selected balance sheet items 2017 2016 1,460 Current assets 420 820 Net fixed assets 148 160 Current liabilities 260 74 50 356.00 142.40 213.60 2017 580 296 340 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Free cash flow CA 0