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Need accounts payable, total current liabilities, and long-term debt Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021
Need accounts payable, total current liabilities, and long-term debt
Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $71 million, NOPAT of $122 million, and depreciation of $28 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets 2021 2020 Current assets: $ 32 $ 30 Cash and marketable securities Accounts receivable 60 85 85 Inventory Total REBECKY'S FLOWERS 40, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 41 $ 38 Accrued wages and taxes 106 96 Accounts payable 145 126 Notes payable $ 292 $ 260 Total Long-term debt: $ 600 $ 550 Stockholders' equity: 88 60 Preferred stock (5 million shares) $ 512 $ 490 Common stock and paid-in surplus (30 million shares) 80 80 Retained earnings $ 592 $ 570 Total $ 884 $ 830 Total liabilities and equity $ 175 350 Fixed assets: $ $ 5 $ 5 60 60 Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets 240 277 342 884 $ $ $ 305 830 $Step by Step Solution
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