solve for the Free Cash Flow (FCF) for 2020

Income Statement year ending 2016 Sales Revenues Cost of goods sold Fixed costs Selling general, and administrative expenses Depreciation EBIT Taxable Income Taxes Net Income ***Tax rate Dividens paid ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS $90,000 54,500 18,750 1,000 3,750 3,750 3,000 600 Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities 1,000 Notes payable Accounts payable 6.800 5,000 Total current liabilities Long-term debt 22.000 Total Liabilities 29,800 OWNERS' EQUITY 10,000 Retained earnings 80,000 Common stock 50,000 0 Total owner's equity 61.200 $91,000 TOTAL LIABILITIES & OWNER'S EQUITY $91,000 ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed Assets Intangible assets Total long-term assets TOTAL ASSETS TOTAL ASSETS Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities 1,000 Notes payable Accounts payable 5.000 Total current liabilities Long-term debt Total Liabilities OWNERS EQUITY 10,000 Retained earnings 80,000 Common stock 50.000 0 Total wne equity 61,200 $91,000 TOTAL LIABILITIES & OWNER'S EQUITY $91,000 Partial Balance Sheet 12/31/2016 LIABILITIES Current Liabilities 3,000 Notes payable 3,000 Accounts payable 2,000 8.000 8.000 Total current liabilities Long-term debt 80,000 Total liabilities 19,400 OWNERS' EQUITY Retained earnings 0 Common stock Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY 6,800 22.000 29,800 3. Click here for a formatted excel version (need to update numbers to the ones presented here) Income Statement year ending 2020 Sales Revenues $160 Cost of goods sold 47 Fixed costs Selling, general, and administrative expenses. Depreciation EBIT Taxes Net Operating Profits after Taxes (NOPAT) *** Tax rate Dividends paid ASSETS Current Assets Cash Accounts receivable 20 25 10 40% $10 Partial Balance Sheet 12/31/2019 LIABILITIES Current Liabilities. S4 Accruals 6 Accounts payable bitition Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS (1). These are cumulative retained earnings but textbook simply calls it retained earnings i Partial Balance Sheet 12/31/2020 ASSETS LIABILITIES Current Assets Current Liabilities. Cash $3 Accruals. Accounts receivable 3 Accounts payable. Inventories Total current liabilities. Total current assets. Long-term debt Gross Fixed assets 5Total current liabilities Long-term debt Total Liabilities 70 OWNERS' EQUITY 10 Retained earnings (1) Common stock o Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY 111 Total liabilities 15 $6 20 Gross Fixed assets Accumulated depreciation OWNERS' EQUITY Net Fixed Assets Retained earnings Intangible assets Common stock Total long-term assets Total owner's equity TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY When answering, round to the nearest $0.01 (cent) and DO NOT use dollar signs, DO NOT USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. For example, if your result is $43.6 then enter 43.60; if it is -$3 then enter -3.00; if it is $2,456.786 then enter 2,456.79 The Free Cash Flow (FCF) for 2020 is Your Answer: Answer 111 Total liabilities 0 Income Statement year ending 2016 Sales Revenues Cost of goods sold Fixed costs Selling general, and administrative expenses Depreciation EBIT Taxable Income Taxes Net Income ***Tax rate Dividens paid ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS $90,000 54,500 18,750 1,000 3,750 3,750 3,000 600 Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities 1,000 Notes payable Accounts payable 6.800 5,000 Total current liabilities Long-term debt 22.000 Total Liabilities 29,800 OWNERS' EQUITY 10,000 Retained earnings 80,000 Common stock 50,000 0 Total owner's equity 61.200 $91,000 TOTAL LIABILITIES & OWNER'S EQUITY $91,000 ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed Assets Intangible assets Total long-term assets TOTAL ASSETS TOTAL ASSETS Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities 1,000 Notes payable Accounts payable 5.000 Total current liabilities Long-term debt Total Liabilities OWNERS EQUITY 10,000 Retained earnings 80,000 Common stock 50.000 0 Total wne equity 61,200 $91,000 TOTAL LIABILITIES & OWNER'S EQUITY $91,000 Partial Balance Sheet 12/31/2016 LIABILITIES Current Liabilities 3,000 Notes payable 3,000 Accounts payable 2,000 8.000 8.000 Total current liabilities Long-term debt 80,000 Total liabilities 19,400 OWNERS' EQUITY Retained earnings 0 Common stock Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY 6,800 22.000 29,800 3. Click here for a formatted excel version (need to update numbers to the ones presented here) Income Statement year ending 2020 Sales Revenues $160 Cost of goods sold 47 Fixed costs Selling, general, and administrative expenses. Depreciation EBIT Taxes Net Operating Profits after Taxes (NOPAT) *** Tax rate Dividends paid ASSETS Current Assets Cash Accounts receivable 20 25 10 40% $10 Partial Balance Sheet 12/31/2019 LIABILITIES Current Liabilities. S4 Accruals 6 Accounts payable bitition Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS (1). These are cumulative retained earnings but textbook simply calls it retained earnings i Partial Balance Sheet 12/31/2020 ASSETS LIABILITIES Current Assets Current Liabilities. Cash $3 Accruals. Accounts receivable 3 Accounts payable. Inventories Total current liabilities. Total current assets. Long-term debt Gross Fixed assets 5Total current liabilities Long-term debt Total Liabilities 70 OWNERS' EQUITY 10 Retained earnings (1) Common stock o Total owner's equity TOTAL LIABILITIES & OWNER'S EQUITY 111 Total liabilities 15 $6 20 Gross Fixed assets Accumulated depreciation OWNERS' EQUITY Net Fixed Assets Retained earnings Intangible assets Common stock Total long-term assets Total owner's equity TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY When answering, round to the nearest $0.01 (cent) and DO NOT use dollar signs, DO NOT USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. For example, if your result is $43.6 then enter 43.60; if it is -$3 then enter -3.00; if it is $2,456.786 then enter 2,456.79 The Free Cash Flow (FCF) for 2020 is Your Answer: Answer 111 Total liabilities 0