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Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $60 million, NOPAT of $116 million, and depreciation
Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $60 million, NOPAT of $116 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2020 2021 2020 Current assets: Current liabilities: 24 Accrued wages and taxes Cash and marketable securities Accounts receivable 68 Accounts payable Inventory 118 Notes payable Total 210 Total Fixed assets: Long-term debt: 350 Stockholders' equity: Gross plant and equipment Less: Depreciation 70 280 80 Retained earnings Net plant and equipment Other long-term assets Total Total assets 360 Total 570 Total liabilities and equity $ $ $ $ $ $ 2021 27 $ 78 136 241 $ 400 $ 84 316 $ 80 396 $ 637 $ Liabilities and Equity Preferred stock (5 million shares) Common stock and paid-in surplus (40 million shares) $ $ $ $ 32 $ 70 81 5 $ 80 207 292 637 70 $ 140 $ 175 5 80 170 255 570 6A6A $ 6969 30 40 $
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