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Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $55 million, NOPAT of $107 million, and depreciation
Problem 2-39 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $55 million, NOPAT of $107 million, and depreciation of $23 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 40, INC. Assets 2021 2020 $ 42 $ 40 141 60 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 Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 36 S 33 Accrued wages and taxes 86 Accounts payable 121 Notes payable $ 273 $ 240 Total Long-term debt: $ 550 $ 500 Stockholders' equity: 83 60 Preferred stock (6 million shares) 467 $ 440 Common stock and paid-in surplus (10 million shares) 30 30 Retained earnings $ 497 $ 470 Total $ 770 $ 710 Total liabilities and equity 1 $ $ 170 299 $ $ 201 6 20 252 278 770 20 215 241 710 $ $ $ $ Total assets
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