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Problem 2-37 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2015 of $52 million, NOPAT of $107 million, and depreciation
Problem 2-37 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2015 of $52 million, NOPAT of $107 million, and depreciation of $13 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 23 Cash and marketable securities Accounts receivable Inventory $ 26 76 131 Accrued wages and taxes Accounts payable Notes payable 27 25 90 65 65 Total $233 $ 200 Total $ 180 Fixed assets $ 139 Long-term debt: Stockholders' equity: $ 380 $ 340 Gross plant and equipment Less: Depreciation Preferred stock (6 million shares) Common stock and paid-in surplus 73 60 60 165 268$ 231 610 $ 550 60 (30 million shares) $ 307 70 280 Net plant and equipmert Other long-term assets 70 $ 377$ 350 $ 610 $ 550 Retained earnings 202 Total Total Total assets Total liabilities and equity
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