QUESTION 9 What is the cash flow to the creditors for 2018? 44,000 21,000 4,300 Smurfit Company 2018 Income Statement Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes Interest Pretax income Taxes Net income 2,100 16,600 520 16,080 4,100 11,980 2017 700 3,020 Smurfit Company 2017 and 2018 Balance Sheets 2018 720 Accounts payable 3,160 Accrued expenses 2017 6,280 2,120 2018 6,510 2,610 Cash Accounts receivable Inventory Total Total 5,250 8,970 6,000 9,880 Long-term debt 8,400 18,800 9,120 19,240 Net fixed assets Total assets 33,100 42,070 34,300 44,180 Owners' equity Total liabilities and equity 14,870 42,070 15,820 44,180 $120 $80 $40 -$90 -$60 QUESTION 10 Free cash flow is: without cost to the firm. equal to net income plus taxes. a term used to describe an increase in net working capital. cash that is available to distribute to creditors and equity holders. another term for operating cash flow