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Problem 2-37 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2015 of $62 million, NOPAT of $114 million, and depreciation
Problem 2-37 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2015 of $62 million, NOPAT of $114 million, and depreciation of $16 million. Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2015 2014 2015 2014 Assets Current assets Liabilities and Equity Current liabilities Cash and marketable securities Accounts receivable Inventory $ 29 82 132 26 72 112 Accrued wages and taxes Accounts payable Notes payable 42 40 60 80 80 Total $ 243 210 Total $ 180 Fixed assets $ 165 Long-term debt: Stockholders' equity: $ 420 56 370 Gross plant and equipment Less: Depreciation Preferred stock (5 million shares) Common stock and paid-in surplus 40 40 180 262 $ 225 637 570 40 $ 364 30 330 (20 million shares) Net plant and equipment Other long-term assets 30 $ 394 360 $ 637 570 Retained eanings 217 Total Total Total assets Total liabilities and equity
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