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Rebeckys Flowers 4U, Inc., had free cash flows during 2015 of $60 million, NOPAT of $116 million, and depreciation of $14 million. Using this information,
Rebeckys Flowers 4U, Inc., had free cash flows during 2015 of $60 million, NOPAT of $116 million, and depreciation of $14 million. Using this information, calculate the missing amounts on Rebeckys balance sheet below. (Enter your answers in millions of dollars.)
Problem 2-37 Free Cash Flow (LG2-5) Rebecky's Flowers 4U, Inc., had free cash flows during 2015 of $60 million, NOPAT of $116 million, and depreciation of $14 million. Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC Balance Sheet as of December 31, 2015 and 2014 in millions of dollars) 2015 2014 2015 2014 Assets Current assets Liabilities and Equity Current liabilities Cash and marketable securities Accounts receivable Inventory $ 27 78 136 24 68 118 Accrued wages and taxes Accounts payable Notes payable 32 $30 40 70 70 Total $ 241 210 Total 140 $175 Fixed assets Long-term debt Stockholders' equity: Gross plant and equipment Less: Depreciation $ 400 84 350 70 Preferred stock (5 million shares) Common stock and paid-in surplus 5 $ 5 80 80 (40 million shares) Net plant and equipment Other long-term assets 316 80 280 80 170 292 255 637 570 Retained earnings Total $ 396 360 Total Total assets $ 637 570 Total liabilities and equity
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