Q2: Calculate FCF 2018 2017 2018 2017 Year 2018 Cash 120 90 Accounts Payable 350 320 Sales 17,000 Accounts Receivable 340 270 Notes Payable 190 80 Cost of Goods Sold 13,500 Marketable Securities 180 80 Accruals 90 110 Gross Profit 3,500 Inventory 490 240 Total Current Liabilities 2 2 Operating and 3,000 Administrative Total Current Assets ? 2 Long Term Debt 90 60 Expenses Depreciation 120 Gross Fixed Assets 950 1100 Shareholder Equity's 400 400 Operating Profit 2 Accumulated (610) (490) Retained Earnings 350 320 Interest Expense 35 Depreciation Net Fixed Assets 340 610 Earnings Before Tax ? Total Assets 1470 1290 Total Liabilities and 1470 1290 Tax (Tax rate 40%) ? Equity Net Profit ?