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Southeast Systems has the following balance sheet and the income statement. Make sure the unit is in million dollars. (unit: $ in millions) 2014 2013

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Southeast Systems has the following balance sheet and the income statement. Make sure the unit is in million dollars. (unit: $ in millions) 2014 2013 $450 2013 $50 600 500 1,000 Cash Accounts receivable Inventory Net fixed assets Southeast Systems Balance Sheets 2014 $100 Accounts payable 700 Notes payable 550 Long-term debt 1,000 Common equity Retained earnings $2,350 Total Liabilities & Owner's Equity 300 650 300 450 $2,150 $500 400 650 300 500 $2,350 Total Assets $2,150 Income Statement 2014 $2,370 2,070 200 Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Taxes Net income Dividends (1) Compute the net capital spending (NCS) or the capital expenditure for 2014. (2) Compute the free cash flow (FCF) or the cash flow from the assets for 2014. Click Save and Submit to save and submit. Click Save All Answers to save all neers. Save All Answers Close Winc

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