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The answer I came up with was 1315 and that was wrong tried 1335 and that was wrong as well. Assets 2019 2018 Cash $1,520
The answer I came up with was 1315 and that was wrong tried 1335 and that was wrong as well.
Assets 2019 2018 Cash $1,520 $1,050 Marketable securities 1800 1220 Accounts receivable 1960 1820 Inventories 2920 2820 Total current assets $8,200 $6,910 Gross fixed assets $29,510 $28,120 Less: Accumulated depreciation 14730 13100 Net fixed assets $14,780 $15,020 Total assets $22,980 $21,930 Liabilities and Stockholders' Equity Accounts payable $1,550 $1,480 Notes payable 2800 2160 Accruals 2501 340 Total current liabilities $4,600 $3,980 Long-term debt $4,890 $5,150 Common stock $10,040 $10,040 Retained earnings 3450 2760 Total stockholders' equity $13,490 $12,800 Total liabilities and stockholders' equity $22,980 $21,930 2 Depreciation expense $1,630 Earnings before interest and taxes (EBIT) 2740 Interest expense 368 Net profits after taxes 1874 Tax rate 21% 7 3 c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2019. c. The firm's free cash flow (FCF) is $ (Round to the nearest dollar.)
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