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Office Paradise, Inc.: Balance Sheet (in millions) 2015 2016 Assets Cash Accounts receivable Inventories Short-term investments Total current assets Net Property, plant and equipment Total
Office Paradise, Inc.: Balance Sheet (in millions) 2015 2016 Assets Cash Accounts receivable Inventories Short-term investments Total current assets Net Property, plant and equipment Total assets $80 192.4 107.5 45.2 425.1 336.4 $761.5 $ 95.8 227.2 103.7 73.6 500.3 440.9 $941.2 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common Stock Retained Earnings Total liabilities and stockholders' equity $82.4 79.3 89.6 251.3 301.1 552.4 137.6 71.5 761.5 114.2 174.3 85.5 374 272.7 646.7 92.6 201.9 941.2 Office Paradise Inc.: Income Statement for the year ended December 31, 2016 (in millions) Sales revenue $1,938 Cost of goods sold 1,128.5 Operating expenses 497.2 Depreciation 77.1 Operating profit 235.2 Interest expense 13.4 Earnings Before Taxes 221.8 Taxes (rate = 37%) 82.1 Net Income 61.8 What is the firm's free cash flow in 2016? $82,734,000 O $91,176,000 $24,576,000 $4,800,000
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