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Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $62 million, NOPAT of $114 million, and depreciation
Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $62 million, NOPAT of $114 million, and depreciation of $16 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) 2021 2020 $ 42 $ L 40 601 T 132 801 REBECKY'S FLOWERS 40, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2021 2020 Liabilities and Equity Current assets: Current liabilities: Cash and marketable $ 29 $ 26 Accrued wages and taxes securities Accounts receivable 82 72 Accounts payable Inventory 112 Notes payable Total | $ 243 $ 210 Total Fixed assets: Long-term debt: Gross plant and equipment $ 420 $ 370 Stockholders' equity: Less: Depreciation 561 401 Preferred stock (5 million shares) Net plant and equipment | $ 364 $ 1 2201 Common stock and paid-in surplus (20 330). million shares) Other long-term assets 1 301 30 Retained earnings Total | $ 394 $ 360 Total Total assets | $ 637) $ 570 Total liabilities and equity $ $ 80 180 165 | $ 5 $ 51 40 40 217 180 | $ 262 $ 225 I $ 6371 $ 570 2
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