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Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $47 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 $47 million, NOPAT of $89 million, and depreciation of $11 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets 2021 2020 Current assets: : Cash and marketable securities $ 17 $ 15 70 Accounts receivable Inventory Total 55 55 REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 24 $ 21 Accrued wages and taxes 72 62 Accounts payable 135 117 Notes payable $ 231 $ 200 Total Long-term debt: $ 353 $ 320 Stockholders' equity: 51 40 Preferred stock (6 million shares) 6 $ 302 $ 280 Common stock and paid-in surplus (10 million shares) 50 50 Retained earnings $ 352 $ 330 Total $ 583 $ 530 Total liabilities and equity $ 140 $ 209 $ 6 $ 6 Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total 20 20 192 $ 218 $ 583 $ 155 181 530 Total assets $
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