Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $70 million, NOPAT of $113 million, and depreciation

image text in transcribed
Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $70 million, NOPAT of $113 million, and depreciation of $27 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets 2021 2020 S 27 S REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current abilities: $ 40 $ 37 Accrued wages and taxes 104 94 Accounts payable 143 129 Notes payable $ 287 $ 260 Total Long-term debit $ 590 $ 540 Stockholders' equity 77 50 Preferred stock (4 million shares) s 513 5 490 Common stock and paid in surplus (20 million shares) 70 70 Retained earnings $ 5835 560 Total $ 870 S 820 Total liabilities and equity Current assets Cash and marketable securities Accounts receivable Inventory Total Fixed assets Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total 80 25 50 80 155 386 $ $ $ 4 4 $ 40 272 S 870 $ 40 235 Total assets $ 316 279 820 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money Banking And Financial Markets

Authors: Lloyd B. Thomas

1st International Edition

0070644365, 9780070644366

More Books

Students also viewed these Finance questions