Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...

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Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets Assets 2019 2018 Cash and equivalents $100 $85 Accounts receivable 275 300 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,300 1,490 Total assets. $3,050 $2,125 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 Long-term debt 450 290 Total liabilities 825 500 Common stock Retained earnings 1,225 1,225 1,000 400 Common equity Total liabilities and equity 2,225 1,625 $3,050 $2,125 Income Statements 2019 2018 Sales $2,340 $1,520 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income $1,090 $520 100 75 $990 63 $445 46 $927 $399 232 100 $695 $299 Dividends paid $54 $48 Addition to retained earnings $600 $251.25 Shares outstanding 100 100 Price $25.00 $22.50 WACC 10.00% Ch 03: Homework Problems- Financial Statements, Cash Flow, and Taxes Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity $150 $85 75 50 150 75 $375 $210 450 290 825 500 1,225 1,225 1,000 400 2,225 1,625 $3,050 $2,125 Income Statements 2019 2018 Sales $2,340 $1,520 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA Depreciation and amortization EBIT Interest EBT $1,090 $520 100 75 $990 $445 63 46 Taxes (25%) Net income $927 232 $399 100 $695 $299 Dividends paid $54 $48 Addition to retained earnings $600 $251.25 Shares outstanding 100 Price $25.00 100 $22.50 WACC 10.00% The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent. Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets Assets 2019 2018 Cash and equivalents $100 $85 Accounts receivable 275 300 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,300 1,490 Total assets. $3,050 $2,125 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 Long-term debt 450 290 Total liabilities 825 500 Common stock Retained earnings 1,225 1,225 1,000 400 Common equity Total liabilities and equity 2,225 1,625 $3,050 $2,125 Income Statements 2019 2018 Sales $2,340 $1,520 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income $1,090 $520 100 75 $990 63 $445 46 $927 $399 232 100 $695 $299 Dividends paid $54 $48 Addition to retained earnings $600 $251.25 Shares outstanding 100 100 Price $25.00 $22.50 WACC 10.00% Ch 03: Homework Problems- Financial Statements, Cash Flow, and Taxes Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity $150 $85 75 50 150 75 $375 $210 450 290 825 500 1,225 1,225 1,000 400 2,225 1,625 $3,050 $2,125 Income Statements 2019 2018 Sales $2,340 $1,520 Operating costs excluding depreciation and 1,250 1,000 amortization EBITDA Depreciation and amortization EBIT Interest EBT $1,090 $520 100 75 $990 $445 63 46 Taxes (25%) Net income $927 232 $399 100 $695 $299 Dividends paid $54 $48 Addition to retained earnings $600 $251.25 Shares outstanding 100 Price $25.00 100 $22.50 WACC 10.00% The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given above, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent.