Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 43 (6 points) Consider the financial statements shown below: RSO Enterprises: Balance Sheet Assets 2018 Cash 8,200 Accounts Receivable 18,500 Inventory 20,500 Other Current
Question 43 (6 points) Consider the financial statements shown below: RSO Enterprises: Balance Sheet Assets 2018 Cash 8,200 Accounts Receivable 18,500 Inventory 20,500 Other Current Assets 4,500 Total Current Assets 51,700 Net Property, Plant, and Equipment 45,000 Total Assets 96,700 2019 9,500 20,700 22,400 4,200 56,800 47,000 103,800 Liabilities and Equity Accounts Payable Notes Payable Accruals Total Current Liabilities Long-term Bonds Total Liabilities Common Stock Retained Earnings Total Liabilities & Stockholders' Equity 8,500 12,500 10,800 31,800 40,000 71,800 20,000 4,900 96,700 9,200 9,900 11,600 30,700 45,000 75,700 20,000 8,100 103,800 RSO Enterprises Income Statement, for year ended 12/31/2019 Sales Revenue 80,000.00 Cost of Goods Sold 35,000.00 Operating Expenses 10,000.00 Depreciation 8,000.00 Operating Income 27,000.00 Interest Expense 5,000.00 Earnings Before Taxes 22,000.00 Taxes (25%) 5,500.00 Net Income 16,500.00 What is the company's free cash flow in 2019? $6,775 $14,650 $22,650 $8,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started