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Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $50 million, NOPAT of $89 million, and depreciation
Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $50 million, NOPAT of $89 million, and depreciation of $21 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Answer is complete but not entirely correct. Assets 2021 2021 2020 Current assets: S 34 s 32 S 30 92 48 X 50 Cash and marketable securities Accounts receivable Inventory Total 145 50 50 REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2020 Liabilities and Equity Current liabilities: $ 31 Accrued wages and taxes 82 Accounts payable 127 Notes payable $ 240 Total Long-term debt: $ 480 Stockholders' equity: 40 Preferred stock (4 million shares) $ 440 Common stock and paid-in surplus (30 million shares) 80 Retained earnings $ 520 Total $ 760 Total liabilities and equity $ 271 $ 130 x $ 130 $ 384 XS 361 $ 530 61 $ 4 $ 4 Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total S 469 60 60 80 242 205 269 $ 549 820 $ $ 306 820 $ $ Total assets $ 760
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