parduive Udidlice Sh Company are presented below. 2019 2018 Assets: Cash $36,950 $ 25,000 Accounts receivable 75,100 78,000 Inventory 45,300 36,000 Property, plant, and equipment 256,400 153,000 Accumulated depreciation 38,650 20,000 Total assets $375,100 $ 272,000 Liabilities and Equity: Accounts payable $ 13,100 $ 11,000 Interest payable 11,50 8,000 Wages payable 8,100 9,000 Notes payable 104,500 90,000 Common stock 91,100 50,000 Retained earnings 146,800 104,000 Total liabilities and equity $375,100 $ 272,000 Additional Information: 1. Net Income for 2019 was $58,400. 2. Cash dividends of $15,600 were declared and paid during 2019. 3. During 2019, Beckwith issued $50,000 of notes payable and repaid $35,000 principal relating to notes payable. 4. Common stock was issued for $41,100 cash. 5. Depreciation expense was $18,150, and there were no disposals of equipment. 58,400 18.450 X 2,900 9.800 x 2.100 1.500 900 X 16,050 x 75.50 X TOUTES chce vec Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense Decrease in accounts receivable Increase in inventory Increase in accounts payable Increase in interest payable Decrease in wages payable Net cash provided by operating activities Cash flows from Investing activities: Depreciation expense Net cash used for investing activities Cash flows from financing activities Cash received from issuance notes Repayment of long-term liabilities Cash received from stock issue Payment of dividends Net cash provided by financing activities Depreciation expense x Cash, 1/1/2019 101.400 X hrome 104,400 X 50.000 35.000 X 25,000 X 50.000 x II 2. Compute the following cash-based performance measures: a. Free cash flow b. Cash flow adequacy (Note: Assume that the average amount of debt maturing over the next 5 years is $85,000). Use two decimal places for the adequacy ratio. Enter negative values as negative numbers: Free cash flow 27,550 x Adequacy ratio ^ 0.37 X hrome Feedback